One of the biggest crypto commentators on YouTube has sued a fellow YouTuber for “defamatory and damaging remarks,” seeking damages.
Ben Armstrong, who calls himself BitBoy Crypto, said that Erling Mengshoel Jr., also known as Atozy, posted a video on YouTube titled “This Youtuber is cheating his fans… BitBoy Crypto” in November 2021. said to have posted. This includes defamation, inflicting emotional distress, unlawful interference with business relationships or potential business relationships, violations of the Uniform Anti-Fraud Act, and violations of the Fair Trade Act.
The filing states that Mengshoel “repeatedly calls Armstrong a ‘dirtbag’ and describes him as a ‘shady dirtbag’ and a ‘dirtbag YouTuber’.”
Armstrong has 1.44 million subscribers and 212 million views since launching the channel in February 2018. Meng Schoel has 1.23 million subscribers and since March 2012 he has 223 million views.
The complaint and jury claims were filed yesterday in the U.S. District Court for the Northern District of Georgia in Atlanta, and Armstrong’s attorneys ruled out the claim because Armstrong lives in Acworth, Georgia, while Mensewell lives in Sterling, Virginia. It was determined that the forum was appropriate.
This is a federal lawsuit as it involves consequences and losses in excess of $75,000.
Mengshoel and Armstrong Decryption.
But Armstrong’s lawsuit details Mengschoel’s comments about him.
“If you didn’t know what a YouTuber’s absolute lowbrow dirtbag is, this is BitBoy Crypto and a prime example of it,” Mengshoel said in his video, detailed in the filing. .
Armstrong’s lawsuit argued that Menschel was “not a man to be respected for any advice” and that “I don’t know if he’s trying to make you rich or make himself rich, so don’t give financial advice.” It cannot be trusted,” he claims, directly attacking his livelihood.”
However, there are discrepancies between what Armstrong claims in the lawsuit and what he presents online in his disclaimer.
“[Armstrong]His business model relies on his reputation and his status as an “influencer,” a well-known online personality who influences the decisions of others, such as buying or selling cryptocurrencies as an investment,” the complaint said. Reads and is the “industry-leading source of authoritative commentary on cryptocurrency investing” which he presents as facts.
Furthermore, the lawsuit said, “What claim could be more damaging to someone in the business of providing advice and commentary on investing in cryptocurrencies, such as Bitboy Crypto?” I am asking.
However, Armstrong’s YouTube channel states that his content is “for general information purposes only” and that “I am not interested in financial, cryptocurrency, taxation, securities, commodity trading, or anything written or discussed. is not and should not be construed or relied upon as investment, financial, legal, regulatory, accounting, tax or similar advice.”
One of Mengshoel’s key allegations is that Armstrong was paid to pitch a cryptocurrency “scam” to “suckers”, and that influencers “fell on the urge to take that quick money.” irresistible, it will eventually come to the attention of the Securities and Exchange Commission.” And just milking the viewer for extra money. ”
Armstrong’s lawsuit says the claim is “not supported by facts.” CNBC According to an article last week, Armstrong earns over $100,000 a month promoting cryptocurrencies, including $30,000 from the bankrupt DistX cryptocurrency alone. “It’s a practice he says he now regrets because it caused some painful losses to his own viewers. CNBC I have written. Armstrong also promoted other fly-by-night projects such as Ethereum Yield, Cypherium, and MYX Network. When those projects failed, he deleted his videos from his channel.
According to his lawsuit, Armstrong’s emotional state is “fragile” and he is currently “suffering from serious fears of being seen as a felon, a fraudster, a business or generally untrustworthy.” Armstrong is “depressed as to whether Defendant’s defamatory remarks will harm Armstrong economically and socially, and whether his good reputation and business can be restored as a result.” has repeated bouts of,” the lawsuit continues.
Ultimately, Armstrong’s lawsuit accuses Menchoel’s video of being “a hit job, an attack piece, not an investigative report.” We don’t say, ‘I don’t like these sleeze bags, I’m going to ruin it for everyone.'”
Mr. Mengshoel twitter bio describes his YouTube channel as a place to “talk about people doing silly things on the internet.”
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