• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Judge Orders ‘BitBoy’ to Pay US$2.8M in Defamation Case Brought by Kevin O’Leary

February 16, 2026
in Australian Crypto News
Reading Time: 2min read
0 0
A A
0
Judge Orders ‘BitBoy’ to Pay US$2.8M in Defamation Case Brought by Kevin O’Leary
0
SHARES
2
VIEWS
ShareShareShareShareShare
  • A Miami federal court entered a multimillion-dollar default judgment after the defendant failed to participate in proceedings.
  • The court allocated damages across emotional harm, reputational impact and punitive findings tied to online statements.
  • Attempts to overturn the ruling were denied despite claims of incarceration and mental health challenges.

Kevin O’Leary has secured a US$2.8 million (AU$3.95 million) default judgment against crypto content creator Ben Armstrong in a defamation action heard in federal court in Miami. The ruling was issued by the US District Court for the Southern District of Florida and followed Armstrong’s failure to appear or file a defence.

The award comprises US$750,000 (AU$1.06 million) for emotional distress, US$78,000 (AU$109,980) for reputational harm and US$2 million (AU$2.82 million) in punitive damages. The court found that Armstrong’s conduct justified punitive damages and determined the posts were made with actual malice.

Related: Australia’s SMSFs Embrace Crypto as Regulation and ETFs Fuel New Wave of Adoption

Online Accusations Spark Legal Fallout

The dispute arose from a series of posts published in March 2025 in which Armstrong accused O’Leary and his wife of involvement in a fatal 2019 boating accident in Ontario. O’Leary was a passenger and was not charged, while his wife was later exonerated following trial proceedings. One post urged followers to “call a real life murderer” and included O’Leary’s private phone number, resulting in a brief suspension on the platform.

O’Leary testified that his phone received hundreds of calls after the number was shared and that he increased security spending by about US$200,000 (AU$282,000) per year. Armstrong later sought to set aside the default judgment, citing incarceration and bipolar disorder, but the court rejected the request, noting he had notice of the case and delayed nearly a year.

Related: Coinbase Swings to $667M Loss as Crypto Slump Crushes Trading Volumes

Credit: Source link

ShareTweetSendPinShare
Previous Post

Vitalik Buterin Warns Prediction Markets Risk Becoming ‘Cursed’ by Retail Gambling Frenzy

Next Post

Warren, Kim Urge Treasury to Review US$500M UAE Investment in Trump-Linked Crypto Firm

Next Post
Warren, Kim Urge Treasury to Review US$500M UAE Investment in Trump-Linked Crypto Firm

Warren, Kim Urge Treasury to Review US$500M UAE Investment in Trump-Linked Crypto Firm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You might also like

CMT-Certified Expert Flags Bitcoin Buy Signal, Is It Time To Go All In On BTC?

CMT-Certified Expert Flags Bitcoin Buy Signal, Is It Time To Go All In On BTC?

March 2, 2026
Pundit Explains How XRP Becomes A Global Reserve Asset

Pundit Explains How XRP Becomes A Global Reserve Asset

March 3, 2026
Uniswap (UNI) Price Rallies 6.53% – Is Now the Time to Buy? Comprehensive Analysis & Trading Insights

WIF Price Prediction: Targets $0.22-$0.25 Recovery by Late March 2026

March 1, 2026
Aave Labs Outlines Layered Security Plan for V4 After $1.5 Million Audit

Aave Labs Outlines Layered Security Plan for V4 After $1.5 Million Audit

March 6, 2026
Nvidia Plans to add Innovation in the Metaverse with Software, Marketplace Deals

NVIDIA CCCL 3.1 Adds Floating-Point Determinism Controls for GPU Computing

March 5, 2026
TRX Price Prediction: TRON Targets $0.35-$0.40 by November 2025 Despite Current Bearish Momentum

TRX Price Prediction: TRON Eyes $0.29 Resistance Break in March 2026

March 2, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Pundit Says XRP Price Could Reach $1,000 By The End Of 2026 If This Happens

Pundit Says XRP Price Could Reach $1,000 By The End Of 2026 If This Happens

March 8, 2026
Bitcoin Price Holds Above $115,000 — Here’s Why This Level Is Significant

Here’s Why Bitcoin Price Must Not Fall To $54K: Analyst

March 7, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.