BitBoy Crypto Accuses Atozy, A Youtube Of Shilling And Files A Defamation Lawsuit Against Him

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Last Updated on August 24, 2022 by Bitfinsider

A legal battle between two well-known YouTube content producers will take place over a bitcoin video that is reportedly promoting a project that turned out to be a hoax.

Ben Armstrong created the YouTube channel Bitboy Crypto, which features a range of material centered on news, projects, tokens, and trading tips related to cryptocurrencies. With more than 1.4 million subscribers, the channel has been operational since February 2018.

“Top 3 Coins To Outperform Ethereum! (Strong Short Term Play)” is a common title on the channel, which is well-known for its news articles and trading-focused videos.

The channel’s disclaimer is very clear that Armstrong is not “a professional counselor in business issues involving finance, cryptocurrency, taxation, securities and commodities trading, or the practice of law,” despite the fact that these videos attempt to offer trading advice. The material of the channel clearly specifies that it is only intended for general informational purposes.

The larger cryptocurrency community has already criticized Bitboy Crypto for allegedly deceiving viewers about other currencies and projects. Armstrong has made an effort to refute these allegations, with a particularly vehement podcast exchange held by cryptocurrency investor Anthony Pompliano in November 2021 serving as a notable example.

Armstrong is pursuing legal action as a result of an incident involving comments made by another YouTuber on a BitBoy video from 2020. The 2020 Pamp network coin concept was being advertised in a now-deleted video on the Bitboy channel by Erling Mengshoel Jr., better known on YouTube as Atozy.

After a rumored “rug-pull” by the founders, investors were left with nothing, putting an unfortunate end to the enterprise. PAMP tokens have fallen in value from all-time highs of up to $2.73 in July 2020 to fractions of a dollar, according to statistics.

After the PAMP’s failure, Atozy went back to the Bitboy video and posted comments calling Armstrong “shady” for deceiving the audience. Later, in November 2021, Atozy posted a whole video on his channel with the title “This YouTuber Scams His Fans…” Bitboy Crypto accused Armstrong of lying about being an expert on cryptocurrencies in order to promote a project that ultimately failed.

On August 12, Armstrong formally filed a federal complaint against Mengshoel in the United States District Court for the Northern District of Georgia, Atlanta. The complaint included a long list of allegations against Mengshoel, including defamation, causing emotional distress, and tortious interference with existing or potential business relationships.

After receiving service at his home a few days later, Mengshoel has appealed for support from viewers and the bitcoin community to fight what he has dubbed Armstrong’s “frivolous” lawsuit.

Armstrong has subsequently filed a lawsuit, and Mengshoel has established a GoFundMe campaign to deal with it head-on. Armstrong is seeking $75,000 in damages and legal costs. Since the project’s start, it has raised over $20,000 from over 450 contributors in under 24 hours.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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