Share this article
BitBoy Crypto Says He’s Dropping Defamation Suit Against Fellow YouTuber
Ben Armstrong said he didn’t realize his dispute with “Atozy” would become public if he sued the alleged defamer in federal court.
By Danny Nelson
Updated May 11, 2023, 4:40 p.m. Published Aug 24, 2022, 8:49 p.m.
Make us preferred on Google
Popular crypto YouTube personality Ben Armstrong, aka BitBoy Crypto, said in a livestream Wednesday that he is dropping his defamation suit against fellow crypto-focused content creator known as Atozy.
Armstrong had filed suit against Atozy (real name Erling Mengshoel Jr.) for allegedly defaming him in a Nov. 8 video titled “This YouTuber Scams His Fans … Bitboy Crypto.” When court watchers dug up the suit it spurred an uproar over Armstrong’s business practices.
STORY CONTINUES BELOW
He said the suit was an attempt to defend his reputation against a video that he said insinuated he will be investigated by the Securities and Exchange Commission. “I’m not suing someone over their opinion,” he said.
“I didn't understand that my name is now so big that if I file a lawsuit it would be found and be made public,” Armstrong said. The suit had presented Armstrong as emotionally distressed over the video. In his livestream he said he had wanted it removed.
Addressing the alleged crypto rugpull he allegedly “knowingly” promoted, Armstrong said the project he reviewed was not the one that went live, and that he lost money in it along with his followers. He said the channel changed its approach to sponsored content after the fracas.
“We are going to drop the lawsuit, 100%. I'm sorry it became public,” he said.
Armstrong said he had emailed his lawyer about pulling the lawsuit shortly before going on air.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Ukraine banned Polymarket and there’s no legal way for it to come back
Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.
What to know:
- Ukraine has no legal framework for Web3 prediction markets, and current legislation provides no recognition for such platforms.
- Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.
- Legal changes are unlikely in the near future, as Parliamentary revisions to gambling definitions are extremely improbable during wartime, leaving prediction markets in a legal deadlock.
Top Stories
