Kevin O’Leary just secured a $2.8 million judgment in his defamation lawsuit against crypto influencer BitBoy Crypto (Ben Armstrong).
Here’s what happened 👇
After the collapse of FTX in 2022, O’Leary faced heavy criticism for previously promoting the exchange as a paid spokesperson.
In response, BitBoy repeatedly accused O’Leary of:
• Participating in fraud
• Being involved in criminal misconduct tied to FTX
• Taking part in corrupt activities without evidence
O’Leary filed a defamation lawsuit, arguing that these statements were:
• False
• Damaging to his reputation
• Made with reckless disregard for the truth
The court ultimately ruled in O’Leary’s favor, awarding him $2.8 million in damages.
This case highlights something important in crypto 👇
Influence comes with responsibility.
Making serious allegations — especially involving fraud or criminal activity — without proof can carry real legal consequences.
The FTX fallout created chaos.
But courts are now separating emotion from evidence.
