Crypto Whale Donates $100,000 to YouTuber Fighting BitBoy Lawsuit
Important takeaways
- Cobie has donated $100,000 to a YouTuber known as Atozy to help him defend himself against a BitBoy Crypto lawsuit.
- BitBoy Crypto, real name Benjamin Armstrong, sued Atozy for defamation and emotional distress, seeking $75,000 in damages.
- The background to the lawsuit is a nine-month-old YouTube video that sees Atozy label Armstrong as a “dirtbag” and a “fraudster.”
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Benjamin Armstrong, the crypto personality behind the BitBoy Crypto YouTube channel, is asking Atozy for $75,000 in damages.
Cobie Donates $100,000 to BitBoy Crypto Lawsuit
Cobie has sent Atozy $100,000 to fight a lawsuit from BitBoy Crypto.
Sent
— Cobie (@cobie) 24 August 2022
The popular crypto personality and host of Just up podcast Cobie donated the six-figure sum to YouTuber Atozy to help him fight a “frivolous” lawsuit from Benjamin Armstrong, the crypto influencer better known as BitBoy Crypto.
According to Atozy, the lawsuit concerns a nine-month-old YouTube video titled “This Youtuber Scams His Fans … BitBoy Crypto,” in which he called Armstrong a “shady scum bag” and a “swindler” for promoting a dubious crypto project called PAMP.
An excerpt of the lawsuit revealed by Atozy on a YouTube video shows today that Armstrong is suing for “defamation, defamation per se, intentional infliction of emotional distress, negligent infliction of emotional distress, tortious interference with business or prospective business relationships, violation of the Uniform Deceptive Practices Act and violation of the Fair Business Practices Act.” .” The lawsuit further alleges that Armstrong had “sustained damages in excess of $75,000” as a result of Atozy’s alleged defamation.
In response to the lawsuit, Atozy asked his Twitter followers to help him fight the cause by donating to his crowdfunding campaign. “I’m crowdfunding to help cover the insane costs of defending against this frivolous lawsuit,” he said in a Tuesday tweetstorm, leaving his Bitcoin and Ethereum addresses for donations.
Cobie, who has donated significant sums of crypto to various causes in the past, black that he would send “100k or something” when he was at the computer. Soon after, a 100,000 USDC transaction from crypto exchange FTX to Atozy’s wallet came through, and Cobie confirmed that he had sent the money.
Armstrong runs BitBoy Crypto, the largest crypto YouTube channel with over 1.44 million subscribers, where he promotes questionable crypto projects that often fail or underperform the market. IN one CNBC interview this month, Armstrong said he regretted taking money from crypto companies to promote their products.
Disclosure: At the time of writing, the author of this article owned ETH and several other cryptocurrencies.
