2026-02-16 02:14:32

🚨 Kevin O’Leary Wins $2.8M Defamation Case Against BitBoy Crypto

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.

#GateSquare$50KRedPacketGiveaway

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes