In a significant legal victory, ‘Shark Tank’ star Kevin O’Leary has been awarded a $2.8 million defamation judgment against popular cryptocurrency influencer Ben Armstrong, widely known as ‘BitBoy.’ The lawsuit, which was heard in a Florida court, centered on allegations that Armstrong made false and malicious statements regarding O’Leary’s professional reputation following the collapse of the cryptocurrency exchange FTX. O’Leary, who had been a high-profile paid spokesperson for FTX, argued that Armstrong’s social media content and public accusations were baseless and caused significant harm to his brand. The judgment includes both compensatory and punitive damages, marking a major milestone in legal accountability for influencers within the digital asset space. This ruling follows a turbulent year for Armstrong, who was recently ousted from his own media brand, while highlighting the increasing scrutiny and legal risks associated with online financial commentary and public character attacks.
Source: Kevin O’Leary wins $2.8 million defamation judgment against crypto influencer Ben ‘BitBoy’ Armstrong
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