‘Atozy you’ve gained’ — Bitboy drops lawsuit after $200K defense raised

Ben Armstrong, the person behind Bitboy Crypto stated that he’s dropping the defamation go well with in opposition to fellow Youtube content material creator Erling Mengshoel Jr., who goes by the title Atozy.

Armstrong formally filed the go well with in opposition to Mengshoel Jr. on Aug. 12 in response to a Nov 2021 video titled “This YouTuber scams his fans… Bitboy Crypto” which alleged that Armstrong was dishonestly selling doubtful property to his viewers comparable to PAMP for his personal achieve. He was looking for $75,000 in damages over the ordeal.

However, Armstrong recommended in a Aug. 24 reside stream that he’s now strolling again the grievance after Mengshoel Jr. managed to lift greater than $200,000 for his defence.

The crypto YouTuber outlined that he initially filed the grievance with the intention to get Mengshoel Jr. to take the video down, and recommended that he didn’t wish to truly undergo with the courtroom proceedings.

However, Armstrong defined that as Atozy now has sufficient to cowl authorized prices, and with outstanding crypto dealer/podcasters comparable to Cobie (Jordan Fish) donating $100,000 to the trigger, the dispute has gone additional than he initially supposed.

“So we are gonna drop the lawsuit, 100% and I’m sorry this became public, I’m sorry that this has been misconstrued, but I just want you guys to understand why I was doing this. This was not about a slapstick lawsuit.”

“When someone implies that you could be in trouble from the SEC, that is not frivolous guys, that’s a very serious matter. And so from my perspective, trying to defend my reputation, trying to get him to remove the video that literally has wrong information in it, that was all I wanted,” he added. 

At the time of writing, Atozy’s video remains to be up and has practically 190,000 views. In the Bitboy livestream, Armstrong pleaded with Mengshoel Jr. to a minimum of edit components of the video which he has taken umbrage over. Ultimately nonetheless, Armstrong famous that Atozy has “won.”

From what I’ve heard Bitboy will probably be pulling the lawsuit.

I’m blown away from the assist.
In lower than 24 hours we raised roughly $200,000 USD

Once I’ve the affirmation it’s formally pulled. I will probably be refunding everybody who donated.

Thank you guys for saving me.

— atozy (@atozy) August 24, 2022

Commenting on the matter, Atozy states that every one is but to be resolved, as he’s nonetheless ready for the official affirmation from his lawyer that the grievance has been dismissed with “prejudice.”

“I’m told by my lawyer that if it is not with prejudice he can refile at any time,” he wrote, including that after the official affirmation has come by way of, he’ll refund all the cash to everybody that donated to the trigger.

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