The founder of Bitboy Crypto, Ben Armstrong, announced that he is withdrawing his defamation lawsuit against fellow YouTube content producer Erling Mengshoel Jr., also known as Atozy.
On August 12, Armstrong formally filed a lawsuit against Mengshoel in reaction to the Nov 2021 video “This YouTuber exploits his audience… According to “Bitboy Crypto,” Armstrong was accused of dishonestly pushing dubious assets to his audience, such as PAMP, for his own advantage. He was asking for $75,000 in compensation for the experience.
Armstrong did, however, imply during a live stream on Wednesday that he is now withdrawing the charge after Mengshoel was able to gather more than $200,000 for his defense.
“So we are gonna drop the lawsuit, 100% and I’m sorry this became public, I’m sorry that this has been misconstrued, but I just want you guys to understand why I was doing this. This was not about a slapstick lawsuit.”
Bitboy just wanted the video to be taken down
The cryptocurrency YouTuber explained that his initial goal in filing the complaint was to have Mengshoel remove the video, and he implied that he didn’t intend to actually pursue the legal processes.
BitBoy clarified that Atozy now has enough money to handle legal fees, and the fight has become more complicated than he originally expected as a result of well-known crypto trader/podcasters like Cobie who gave $100,000 as a donation.
Commenting on the situation, Atozy claims that there is still work to be done because he needs his attorney’s official confirmation that the case has been rejected with “prejudice.”
In his tweet, he wrote, “I’m assured by my lawyer that if it is not with prejudice he can refile at any moment. Once the official confirmation has gone through, he will reimburse all the money to everyone who gave it to the cause.