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

Ben Armstrong, the man in the support of Bitboy Crypto, stated that he’s dropping the defamation suit against fellow Youtube relate creator Erling Mengshoel Jr., who goes by the title Atozy.

Armstrong formally filed the suit against Mengshoel on Aug. 12 in line with a Nov 2021 video titled “This YouTuber scams his fans… Bitboy Crypto,” which alleged that Armstrong used to be dishonestly selling dubious resources to his viewers reminiscent of PAMP for his non-public produce. He used to be in the hunt for $75,000 in damages over the ordeal.

Alternatively, Armstrong suggested in a Wednesday livestream that he’s now walking reduction the complaint after Mengshoel managed to elevate extra than $200,000 for his defense.

The crypto YouTuber outlined that he in the starting up filed the complaint with the aim of getting Mengshoel to take the video down and suggested that he didn’t are attempting to in actuality plow thru with the court docket court docket cases.

Alternatively, Armstrong defined that Atozy now has ample to duvet goal prices, and with eminent crypto trader/podcasters reminiscent of Cobie (Jordan Fish) donating $100,000 to the cause, the dispute has long previous additional than he in the starting up intended

“So we’re gonna drop the lawsuit, 100% and I’m sorry this grew to turn out to be public, I’m sorry that this has been misconstrued, however I correct settle on you guys to sign why I was doing this. This used to be now not just a few slapstick lawsuit.”

“When any individual implies that that you might perchance presumably also very properly be in bother from the SEC, that’s now not frivolous guys, that’s a in actuality extreme matter. And so from my perspective, attempting to defend my popularity, attempting to gain him to take dangle of the video that actually has shocking recordsdata in it, that used to be all I obligatory,” he added. 

On the time of writing, Atozy’s video is silent up and has nearly 190,000 views. In the Bitboy livestream, Armstrong pleaded with Mengshoel to now not lower than edit parts of the video which he has taken umbrage over. One way or the opposite, nonetheless, Armstrong properly-known that Atozy has “gained.”

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

I’m blown faraway from the crimson meat up.

In lower than 24 hours we raised roughly $200,000 USD

After I just like the confirmation it’s formally pulled. I will be refunding all people who donated.

Thanks guys for saving me.

— atozy (@atozy) August 24, 2022

Commenting on the matter, Atozy states that every is yet to be resolved, as he is silent attempting forward to the official confirmation from his attorney that the complaint has been brushed apart with “prejudice.”

“I’m advised by my attorney that if it’s now not with prejudice he can refile at any time,” he wrote, adding that when the official confirmation has come thru, he will refund the total money to all people that donated to the cause.