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As the BitBoy vs. Atozy Lawsuit Came to an End, Ripple CTO Sheds His Views

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BitBoy vs. Atozy has several people including Ripple CTO talking about it. Ben Armstrong, the creator of Bitboy Crypto, declared that he is dropping his defamation case against fellow YouTube content creator Erling Mengshoel Jr., better known by his stage name Atozy.

In response to the November 2021 video “This YouTuber exploits his following…,” Armstrong formally sued Mengshoel on August 12. Armstrong was charged with dishonestly promoting fraudulent assets to his audience, such as PAMP, for his own gain, according to “Bitboy Crypto.” He also demanded  $75,000 in compensation.

However, Armstrong did hint during a live webcast on Wednesday that he is now dropping the accusation now that Mengshoel has amassed more than $200,000 for his defense.

Ripple CTO stated that BitBoy was misled by his lawyers

In response to the legal conflict between well-known crypto YouTuber Ben Armstrong (BitBoy) and Erling Mengshoel (Atozy), Ripple’s CTO David Schwartz has chimed in.

“So, about the BitBoy andAtozy lawsuit: It looks like everyone is doing the right thing now. And as I suspected, it seems Ben was misled by his lawyers who *definitely* should have known better. Yay for happy endings.”

Mengshoel was able to unite the crypto community behind him and launch a successful GoFundMe campaign to pay for his legal costs. 

He claimed that he was being sued for nothing more than expressing his viewpoint. Additionally, the frequency of YouTube videos accusing Armstrong of unethical crypto advertising has increased.

Armstrong claims that if he had realized the lawsuit would garner such attention, he would not have filed it.

The crypto YouTuber clarified that he initially filed the complaint to get Mengshoel to take down the video, and he hinted that he had no intention of actually going through with the legal procedures.

Atozy now has enough money to cover legal costs, according to BitBoy, and the conflict has grown more complicated than he had anticipated as a result of a well-known crypto trader like Cobie, who donated $100,000.

BitBoy Backs Down From Lawsuit, Atozy Raises $200,000

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The founder of Bitboy Crypto, Ben Armstrong, announced that he is withdrawing his defamation lawsuit against fellow YouTube content producer Erling Mengshoel Jr., also known as Atozy.

On August 12, Armstrong formally filed a lawsuit against Mengshoel in reaction to the Nov 2021 video “This YouTuber exploits his audience… According to “Bitboy Crypto,” Armstrong was accused of dishonestly pushing dubious assets to his audience, such as PAMP, for his own advantage. He was asking for $75,000 in compensation for the experience.

Armstrong did, however, imply during a live stream on Wednesday that he is now withdrawing the charge after Mengshoel was able to gather more than $200,000 for his defense.

“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.”

Bitboy just wanted the video to be taken down

The cryptocurrency YouTuber explained that his initial goal in filing the complaint was to have Mengshoel remove the video, and he implied that he didn’t intend to actually pursue the legal processes.

BitBoy clarified that Atozy now has enough money to handle legal fees, and the fight has become more complicated than he originally expected as a result of well-known crypto trader/podcasters like Cobie who gave $100,000 as a donation.

Commenting on the situation, Atozy claims that there is still work to be done because he needs his attorney’s official confirmation that the case has been rejected with “prejudice.”

In his tweet, he wrote, “I’m assured by my lawyer that if it is not with prejudice he can refile at any moment. Once the official confirmation has gone through, he will reimburse all the money to everyone who gave it to the cause.