Crypto Youtuber Bitboy is reportedly dropping his lawsuit against Atozy
After much online debate and drama, YouTuber Ben Armstrong, who goes by “Bitboy Crypto,” has reportedly dropped his lawsuit against fellow crypto content creator Erling Mengshoel, also known as “Atozy.” Armstrong reportedly dropped the lawsuit after Mengshoel raised sufficient funds for his defense. The YouTuber was helped by prominent cryptocurrency podcaster Cobie (Jordan Fish), who donated $100,000 to the cause.
Mengshoel has received a total of 200,000 dollars in donations. However, no legal documents confirm that Armstrong has dropped the lawsuit. According to Mengshoel’s lawyer, the case is not closed until it is dismissed. Furthermore, Mengshoel said that when he receives confirmation that the lawsuit was dropped, he will refund the money to the donors. Again, Mengshoel also thanked Cobie in a Tweet for letting him use some of his fees as gas.
Is the crypto YouTuber cleared of all charges?
The lawsuit against Mengshoel was filed on 12 August. The suit was in response to a video posted by Mengshoel titled “This Youtuber Scams His Fans…Bitboy Crypto.” The video, at press time, has 188,468 views. Also, Atozy has 1.24 million subscribers, compared to Bitboy’s 1.44 million subscribers. The video claims Armstrong promotes suspicious assets on his “Bitboy Crypto” YouTube channel. Armstrong demanded $75,000 in damages.
However, Armstrong said the feud had gone further than he intended and was not a slapstick lawsuit. The YouTuber said,
“So we’re going to drop the lawsuit, 100%, and I’m sorry this went public, I’m sorry this has been misunderstood, but I just want you to understand why I did this.”
Furthermore, according to Armstrong, he was only trying to defend his reputation and have Mengshoel’s video removed, as it contained incorrect information.
It is possible that Armstrong did not foresee such public support for Mengshoel. In addition, Cobie is a popular figure in the crypto industry. Although Cobie’s UpOnly podcast has far fewer subscribers than Bitboy Crypto, he sure has a lot of respect in the community. Atozy supporters are currently waiting for an official document clearing the content creator of any charges.
