‘Mr. Wonderful’ Wins $2.8M in Defamation Case Against Ben Armstrong ‘BitBoy’

Defamation Judgment: Kevin O'Leary secured a $2.8 million default judgment against cryptocurrency influencer Ben Armstrong, known as "BitBoy," for defamation after Armstrong falsely accused O'Leary of murder and sharing his private phone number online.

Court Findings: The U.S. District Court for the Southern District of Florida ruled that Armstrong's statements significantly harmed O'Leary both professionally and personally, leading to damages awarded for reputational harm, mental anguish, and punitive damages.

Background of Allegations: Armstrong's accusations were linked to a 2019 boating incident that resulted in two fatalities, where O'Leary was never charged. Armstrong claimed O'Leary and his wife were involved in the incident, which was later proven false.

O'Leary's Profile: Kevin O'Leary, often referred to as "Mr. Wonderful," is a well-known businessman and television personality, recognized for his role on "Shark Tank" and his investments in various startups and digital assets.