- Bitboy Crypto has pulled a defamation lawsuit claiming it was never intended to go to court
- The shill-for-hire sued a Twitter user after they called him out over his marketing practices in a Youtube video nine months ago
- The lawsuit was pulled after the would-be defendant received double the settlement demanded in donations
Prominent crypto shill Bitboy Crypto, real name Ben Armstrong, has pulled a defamation lawsuit against a critic after his target raised double the demanded fee from the crypto community. Armstrong, who charges tens of thousands of dollars for mentions of cryptocurrencies on his social media outlets, took umbrage when Twitter user @atozy, real name Erling Mengshoel, released a video nine months ago criticising his role in prompting PAMP, a token that rug pulled on its supporters. However, after Mengshoel raised more than double the amount of money demanded by Armstrong in donations, the lawsuit has now been pulled, potentially because it would reveal all Armstrong’s shilling tactics.
From what I’ve heard Bitboy will be pulling the lawsuit.
I’m blown away from the support.
In less than 24 hours we raised roughly $200,000 USD
Once I have the confirmation it’s officially pulled. I will be refunding everyone who donated.
Thank you guys for saving me.
— atozy (@atozy) August 24, 2022
Armstrong Finds Out Where Crypto Loyalties Lie
Armstrong was already one of the most reviled shills in the crypto space, but he managed to become less popular on Tuesday when it was revealed that he had taken a leaf out of the Craig Wright playbook and sued Mengshoel over the critical video, citing defamation and demanding $75,000 in restitution.
However, what Armstrong may not have counted on was the loyalties of the crypto community, who immediately rallied round Mengshoel and donated to his financial support channels, including a $100,000 donation from well known crypto personality Cobie. This left Mengshoel with more than double the amount requested, which would have helped with the legal fees.
Case Pulled Over Potential Revelations?
It seems, though, that Armstrong has had a change of heart in the matter, as Mengshoel posted overnight that Armstrong had pulled the lawsuit, potentially on the grounds that, with Mengshoel now having a warchest to fight the claims, his entire string of deceptive marketing practices would come to light – something that he would not want revealed in a court of law. This of course is no different to Craig Wright, who is constantly trying to get cases against him thrown out and then claiming that he can’t wait to take people on in court.
Indeed, Armstrong suggested in a live stream last night that he was pulling the case, saying it had been “misconstrued” and that he only intended to get the video taken down. This of course begs the question of why he also asked for $75,000 in damages. The video in question does appear to have been taken down nonetheless.
Overall, the entire episode is a PR disaster for Armstrong whose reputation has now gone from terrible to unsalvageable.