Ben Armstrong to Pay $2.8 Million in Defamation Case Against Kevin O’Leary
- Ben Armstrong, a former influencer at BitBoy Crypto, has been ordered to pay $2.8 million to Kevin O’Leary for defamation.
- Armstrong made serious allegations on social media, claiming O’Leary and his wife were involved in a murder cover-up related to a boating accident.
- The court ruling followed Armstrong’s failure to respond adequately to the lawsuit filed by O’Leary in March.
- Judge Beth Bloom issued a default judgment after Armstrong sought to overturn it citing personal issues, which was rejected.
- The damages include $750,000 for emotional distress among other claims totaling $2.83 million.
This case underscores the legal risks faced by influencers in the cryptocurrency space, emphasizing the need for accountability when making public statements.
As part of the ruling, Armstrong is liable for over $2.8 million due to defamatory claims against O’Leary regarding a tragic incident from years prior.
