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January 17, 2023 Bitcoin.com

Crypto Influencer Bitboy Flies to the Bahamas to Question Former FTX Exec Sam Bankman-Fried

November 27, 2022 Bitcoin.com

‘I’ve done nothing wrong’ — Lark Davis denies ‘pump-and-dump’ allegations

September 30, 2022 Coin Telegraph

Davis claimed he received nothing for free from the projects it's alleged he profited from, and the amounts he sold weren’t enough to “dump the price.”

Crypto influencer Lark Davis has refuted new allegations from Twitter “on-chain sleuth” ZachXBT of shilling “low cap projects” to his audience “just to dump them shortly after.”

Davis was responding to a Twitter thread posted by Zach on Sept. 29, containing allegations that he profited over $1.2 million through selling tokens from crypto projects which he was allegedly paid to promote without disclosing.

In a 17-part thread, Zach pointed to eight examples of what is supposedly Davis’ crypto wallet receiving tokens from new crypto projects, with Davis subsequently tweeting or posting a video on them, and then selling the tokens shortly after.

Speaking to Cointelegraph, Zach said he received requests from multiple people who lost money on the tokens shared by Davis asking to “take a closer look” at him.

“Lark managed to dump with size on low cap projects time after time,” Zach said, adding they’ve investigated other crypto influencers, but the alleged amount was “never at this magnitude.”

Zach alleged in the thread that the largest gain to Davis came from receiving 120,000 SHOPX tokens, with Davis tweeting hours later about the project whilst apparently simultaneously selling the tokens, gaining $435,000.

6/ Example 3: $SHOPX

a) Mar 31, 2021 at 3:31 pm UTC Lark receives 120k SHOPX
b) Apr 1, 2021 at 12:32 am UTC Lark Tweets about the project
c) Meanwhile Lark is in the process of dumping all his 120k SHOPX for over $435k USD (finishes on 4/2) pic.twitter.com/mc3HvHrCdI
— ZachXBT (@zachxbt) September 29, 2022

This example along with seven others Zach presented purportedly shows Davis making over $1.2 million in a similar pattern.

“Participating in seed rounds & sharing projects you genuinely like is completely fine as long as it’s done in a transparent manner,” Zach tweeted, adding:

“This is not the case as Lark has a pattern of dumping his discounted launchpad bags right after shills across YT (YouTube), Twitter, & [his] newsletter.”

Cointelegraph requested comment from Davis and was directed to a series of tweets posted late on Sept. 29 in which Davis calls the allegations made by Zach “ridiculous” and provided a response to each example Zach alleged he profited from.

“I got nothing for free,” Davis tweeted to his over one million followers, adding his token sale investments are “always disclosed” on his YouTube channel of 485,000 subscribers and shared with his followers “well before the launch."

For the sales in question, I want to be clear that:
1. I disclosed that I was an investor when I initially discussed them
2. I talked about it before the token sale, to give you a chance to get into the sale.
3. I paid for all of these coins, I got nothing for free.
— Lark Davis (@TheCryptoLark) September 29, 2022

Davis added he was following an investing strategy he teaches, selling the tokens upon launch, which he claims is a common investing practice for token sales. Davis said the amounts he sold were “nowhere near enough to dump the price” of the tokens.

“I teach this concept frequently to you all, none of this should be a surprise if you have been paying attention,” he tweeted. “What you choose to do with my opinions is completely up to you.”

BitBoy Crypto sues fellow YouTuber Atozy for defamation over shilling claims

August 24, 2022 Coin Telegraph

Atozy

Cryptocurrency YouTuber Bitboy Crypto has filed a defamation lawsuit against another prominent content creator on the platform.

Two prominent YouTube content creators are set to lock horns in a legal battle over a cryptocurrency video allegedly promoting a project that ended up being a scam.

Bitboy Crypto, a YouTube channel founded by Ben Armstrong, produces a variety of content focused on cryptocurrency news, projects and tokens and trading advice. The channel has been active since February 2018 and has over 1.4 million subscribers.

The channel is known for its news pieces and trading-focused videos with headlines like ‘Top 3 Coins To Outperform Ethereum! (Strong Short Term Play)’ typifying the type of content disseminated to viewers.

While these videos purport to offer trading advice, the channel has a disclaimer clearly stating that Armstrong is not ‘a professional advisor in business areas involving finance, cryptocurrency, taxation, securities and commodities trading, or the practice of law.’ The channel’s content states that it is meant for general information purposes only.

Bitboy Crypto has copped criticism from the wider cryptocurrency community in the past for allegedly misleading viewers about various tokens and projects. Armstrong has attempted to rebut these claims, with a prime example being a fiery podcast conversation hosted by cryptocurrency investor Anthony Pompliano in November 2021.

An incident involving comments posted by another YouTuber on a BitBoy video from 2020 has led Armstrong to seek legal recourse. Erling Mengshoel Jr, better known by his YouTube channel name Atozy, came across a now-deleted video on the Bitboy channel promoting a project called Pamp network token in 2020.

The project ended on a sour note as investors were left empty-handed after a reported 'rug-pull' from the founders. As per data from Coingecko, PAMP tokens are worth fractions of a dollar, down from all-time highs of $2.73 in July 2020.

In the wake of the PAMP failure, Atozy revisited the Bitboy video to post comments labeling Armstrong as ‘shady’ for misleading viewers. Atozy went on to create a full video on his channel in November 2021 titled ‘This YouTuber scams his fans… Bitboy Crypto’, alleging that Armstrong had been dishonest as a self-proclaimed expert on cryptocurrencies to promote a project that ended up crashing.

Armstrong officially filed a federal complaint against Mengshoel on Aug. 12 in the U.S. District Court for the Northern District of Georgia, Atlanta, with a raft of claims, including defamation, infliction of emotional distress and tortious interference with business relations or potential business relations.

Mengshoel was eventually served at his home a few days later and has called for the assistance of viewers and the cryptocurrency community to tackle what he described as a 'frivolous' lawsuit from Armstrong.

Mengshoel has since launched a GoFundMe account to meet the lawsuit head-on, with Armstrong claiming damages and legal fees worth $75,000. GoFundMe has received over $20,000 in the 24 hours since its launch, with over 450 contributors to date.

Cointelegraph has reached out to both parties for comment on proceedings and will update this article accordingly.

Crypto Stories: YouTuber DataDash talks about his most expensive mistake

April 4, 2022 Coin Telegraph

Coin Telegraph

A crypto YouTuber with more than half a million followers shares his crypto story and one of his biggest regrets.

Nicholas Merten, also known as DataDash, found Bitcoin (BTC) when it was $3. But, like many people at the time, Merten was very skeptical about crypto and found it crazy for people to be buying what he thought was “fake internet money.”

Merten's story started with a hint of inspiration from a conversation with his teacher back in 2011. At the time, he believed that he had no passion. But one day, a spark lit up through his social studies class when the teacher encouraged him to watch presidential debates. As he watched, he saw politician Ron Paul share different takes on the debate’s topics.

“This event sparked a dopamine rush in my head,” said Merten. He was inspired and started to become interested in foreign policy, economics and finance and studied the topics. From there, he went on to learn about the 2008 global financial crisis and learned how inflation works. He knew that with the way things were going, there is a need for a way to hedge against inflation.

As he went through his journey, he opened a brokerage account with the help of his dad and was able to buy his first stock. Eventually, he dived further into finance buying marijuana penny stocks to solar companies stocks. He then a video explaining BTC, and found it interesting at first, but wasn’t able to fully understand it. He skipped on buying BTC at $3 dollars and couldn’t understand why people would buy it.

However, he soon realized how it became his most expensive mistake when he saw the price going to an all-time high of $1,200 per BTC. Learning from his blunder, he set off to go on his crypto journey, buy crypto, analyze the markets, and upload crypto videos on YouTube.

youtuber