$1B FTX Lawsuit: Crypto Twitter Blasts Influencers

  • Lawsuit: A class-action lawsuit seeking $1 billion in damages has been filed against 9 crypto influencers for endorsing FTX (FTT) token.
  • BitBoy: Ben Armstrong, „BitBoy,“ is receiving backlash on Twitter after claiming to be “excited” about the lawsuit despite actively endorsing FTX (FTT) token nine months prior.
  • Shiba Inu (SHIB): BitBoy recently lashed out at Shytoshi Kusama and dropped a video about the development of Shiba Inu’s ecosystem, but still failed to answer who Shytoshi Kusama actually is.

$1B FTX Lawsuit Filed

A group of crypto investors have filed a class-action lawsuit against 9 influencers seeking $1 billion in damages for endorsing FTX (FTT) token. The suit was filed by Edwin Garrison and Gregg Podalsky for the United States District Court in Miami, Florida. Amongst those named in the suit are famous crypto influencer Ben ‚BitBoy‘ Armstrong as well as lawyer Graham Stephan, Kevin Paffrath, Erika Kullber, and talent agency Creators Agency LLC.

BitBoy Responds to Lawsuit

In response to the legal action taken against him, BitBoy declared: „We will finally be able to prove unequivocally that I never had dealings with FTX.“ However, this is not accurate as he actively endorsed FTX (FTT) token just nine months ago via a YouTube video which has since been deleted. This prompted many people on Crypto Twitter to call him out for his contradictory statements.

Lashes Out at SHIB Devs

The YouTuber also recently lashed out at Shytoshi Kusama, the main developer of Shiba Inu (SHIB), after allegations surfaced that Shibarium’s Beta code might be copied and pasted from another less-known blockchain. Despite these allegations quickly being denied by Rinia’s chief dev a few hours later, Bitboy dropped a 20-minute video on his channel covering the development of SHIB’s ecosystem without answering one key question – who is Shytoshi Kusama?

Crypto Twitter Reacts

Crypto Twitter users were quick to respond with criticism towards Bitboy’s contradictory statements regarding his involvement with FTX and failure to address who Shytoshi Kusama is. People posted screenshots of the original YouTube video where he clearly claimed that FTX was one of the „greatest long term holds for 2022“ – completely opposite of what he said when faced with legal action.


The outcome of this class-action lawsuit remains uncertain but it certainly appears that some members of Crypto Twitter are not convinced by Bitboy’s claims regarding his involvement with FTX or knowledge about SHIB’s founder. It looks like many are waiting eagerly for an explanation from both parties involved as more information about this case continues to unfold.