Businessman and TV personality Kevin O’Leary won his defamation lawsuit against crypto influencer Ben Armstrong (Bitboy). Miami federal judge Beth Bloom ruled on Friday that Armstrong must pay approximately $2.83 million in damages due to his social media posts accusing O’Leary of murder. O’Leary and his wife Linda were not charged in the 2019 boat accident; Linda was tried for negligent driving but acquitted because the other boat’s lights were off.
Kevin O’Leary on stage at the conference. Source: YouTube
Judge Bloom issued a default judgment, noting that Armstrong escalated his harassment campaign by sharing his phone number and encouraging followers to “call a real killer.” Damages: $750,000 emotional distress, $78,000 reputational harm, $2 million punitive damages. Armstrong was suspended on X for 12 hours and has had arrests in recent years.
Ben Armstrong in a YouTube video. Source: YouTube
Critical Support and Resistance Levels for ALT
While such influencer lawsuits affect market sentiment, ALT detailed analysis shows: Price $0.01, 24h -5.53%, RSI 38.61 (oversold signal). Downtrend continues.
- Supports: S1 $0.0082 (Strength: 78/100 ⭐ STRONG, -3.98%), S2 $0.0069 (63/100 ⭐ STRONG, -19.20%)
- Resistances: R1 $0.0091 (68/100 ⭐ STRONG, +6.56%), R2 $0.0096 (63/100 ⭐ STRONG, +12.41%)
- EMA 20: $0.0092, Supertrend: Bearish
Bitcoin Weekly Chart Turns Positive
BTC detailed analysis positive: Weekly candle up 8% from low, 1 day 12 hours to close. NYSE American listing options for multi-crypto ETFs – market is reviving.
Frequently Asked Questions About the Kevin O’Leary-Bitboy Lawsuit
- What is the reason for the lawsuit? Posts accusing O’Leary of murder.
- Damages breakdown? 750k emotional, 78k reputation, 2M punitive.
- How does it affect coins like ALT? Negative news deepens the downtrend, S1 $0.0082 critical.
- Armstrong’s history? Arrests and X suspension.
Monitor futures positions for ALT futures.
Source: https://en.coinotag.com/oleary-wins-bitboy-lawsuit-283-million-compensation
