$1 Billion FTX Lawsuit: Twitter Summons Crypto BitBoy and Others

  • A group of cryptocurrency investors has filed a class action lawsuit against 9 influencers.
  • The lawsuit seeks $1 billion in damages for the endorsement of FTX Millions of people.
  • Ben Armstrong claims to be “excited about the FTX lawsuit;” It receives backlash on Twitter.

Aftershocks The deadliest earthquake In cryptocurrency history, they are back to haunt the most notorious crypto influencers, who got paid by corrupt FTX boss Sam Bankman-Fried to endorse the FTX token (FTT), among other cryptocurrency and FTX related products.

In response to the legal action taken against Ben “BitBoy” Famous Armstrong An encryption effect has been announced: “We will finally be able to prove unequivocally that I have never dealt with FTX.” However, this is not accurate, as YouTube actively endorsed FTX Token (FTT) just 9 months ago as one of the “Greatest Long-Term Holds of 2022.”

Naturally, the video has now been taken down, but many crypto enthusiasts have posted screenshots of selected video It clearly states the exact opposite of BitBoy’s current claims.

BitBoy drops a video revealing SHIB’s identity

Yesterday, popular cryptocurrency YouTuber Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), lashed out after allegations surfaced The chiparium beta code may be copied and pasted from another, less well-known, blockchain. Shortly after, BitBoy said “Wait until they locate SHIB’s founder, heck maybe tomorrow” before Rinia dev head denied a few hours later.

Moreover, in the early hours of Friday morning, BitBoy fell by New 20-minute video on his YouTube channel regarding the development of the Shiba Inu ecosystem. Digging deeper into the early days of Shiba Inu, the YouTuber still doesn’t answer the question of who Shytoshi Kusama is.

Crypto Twitter mining BitBoy

On the other hand, the class action lawsuit filed by Edwin Garrison and Greg Podalsky for the United States District Court in Miami, Florida also deals with other crypto influencers such as attorney Graham Stefan, Kevin Paffrath, Erika Kolber, and talent agency Creators Agency LLC. .

In the end, the result of this class action It could be a game changer for the way cryptocurrencies are regulated, at least in the US. While the crypto lawyer and fellow YouTuber Legal Eagle noted that this lawsuit is a “copy-paste job from the lawsuit against Tom Brady,” it still sets a precedent for stricter regulation regarding the promotion of cryptocurrency on social media.

on the flip side

  • Popular YouTuber Ben “BitBoy” Armstrong made good on his promise to make a video revealing the identity of the Shiba Inu leader, but confused Shytoshi Kusama with Ryoshi, who left the project over a year ago regardless.

Why should you bother

BitBoy is one of the most popular crypto YouTubers with over 1 million subscribers, while the FTX fiasco is “the largest financial fraud in US history,” according to court documents.

Get the lowdown on cryptocurrency with the latest DailyCoin news:

Shiba Inu developer purge escalation, SHIB Burn up 9562%

Playboy loses $4.9 million on ETH received as NFT payments

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