You Tuber Ben Armstrong AKA ‘Bitboy Crypto’, has been ordered by a federal magistrate judge to appear in Florida.
Bitboy Crypto has been caught up in a lawsuit involving several crypto influencers. Armstrong was named in a $1-billion lawsuit filed on March 15 for allegedly promoting “FTX crypto fraud without disclosing compensation” along with several other YouTubers.
The legal team representing the plaintiffs claims that Armstrong harassed them with “endless phone calls, tweets, and emails,” voicemails “full of vulgarities,” and social media posts suggesting threats.
In response to the allegations, Judge Melissa Damian ordered Armstrong and his counsel to appear on April 20, along with the legal team representing the influencers.
The conference was aimed at bringing awareness of “Armstrong’s harassment towards plaintiffs’ counsel.”
The legal team reported in a March 20 filing that one of Armstrong’s voicemails included the YouTuber allegedly threatening to surround Adam Moskowitz’s home with protesters “24/7 day and night.” Moskowitz represents plaintiff Edwin Garrison and others in the class-action lawsuit.
The scope of the attacks, including death threats, has necessitated Moskowitz to open an FBI investigation into Armstrong, as well as the investigation files by local police authorities for Plaintiffs’ counsel and their families.
Twitter posts from Armstrong claimed that the original lawsuit regarding disclosure of compensation from FTX had “absolutely no merit.”
The crypto influencer is no stranger to online controversy, regularly insulting high-profile figures, including European Central Bank president Christine Lagarde and being generally dismissive of the class-action lawsuit.
In August 2022, Armstrong filed a defamation suit against YouTuber Erling Mengshoel Jr., also known as Atozy, in response to a video Mengshoel posted claiming that “This YouTuber scams his fans… Bitboy Crypto.”
Armstrong dropped the lawsuit after Mengshoel raised more than $200,000 in a campaign for his defense in less than 24 hours.
The current situation with Armstrong highlights the growing problem of harassment in the crypto industry. Crypto influencers have a significant impact on the market, and their opinions can significantly influence investor behavior.
Therefore, it is essential to ensure that these influencers are held accountable for their actions and that they follow ethical standards.
The rise of cryptocurrency has led to a proliferation of influencers who claim to have expertise in this area. These influencers often use their social media platforms to promote various cryptocurrencies, ICOs, and other blockchain projects. As the cryptocurrency market has grown, so has the number of people looking to cash in on it.
However, this growth has also led to several instances of fraud, scams, and other unethical practices. Several influencers have been accused of promoting cryptocurrencies without disclosing their financial interests, which can lead to investors losing their money.
Therefore, it is crucial to have clear guidelines and regulations in place to prevent such practices.
Bitboy Crypto In Court
In conclusion, the lawsuit involving Ben Armstrong and other crypto influencers highlights the growing problem of harassment in the crypto industry.
Crypto influencers have a significant impact on the market, and it is essential to ensure that they follow ethical standards. Furthermore, it is crucial to have clear guidelines and regulations in place to prevent fraudulent practices in the cryptocurrency market.