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Miami Heat basketball star Jimmy Butler and YouTube influencer Ben Armstrong, known as BitBoy, have agreed to settle a class-action lawsuit related to Binance promotions by paying a combined $340,000. The lawsuit alleges that Butler and Armstrong helped promote unregistered securities through the cryptocurrency exchange Binance. Attorneys are seeking preliminary approval for this first tranche of settlements in the litigation. Both Butler and Armstrong have denied any wrongdoing in the case.
Crypto blogger Ben Armstrong (known as @Bitboy_Crypto) and NBA star Jimmy Butler have proposed a total payment of $340,000 to settle a class-action lawsuit for promoting @binance. The claim alleges that the cryptocurrency exchange sold unregistered securities. On August 19, the… https://t.co/NJzDm8DRiJ
BITBOY & BUTLER SETTLE WITH BINANCE INVESTORS FOR $340K When you see a high-profile settlement like this, it’s a reminder: influencers cash in, but investors carry the weight. BitBoy and Butler paid up while denying fault: classic play. Meanwhile, Binance faces another class… https://t.co/1KqrLopG4l
BitBoy & Butler Cut a $340K Deal After Binance Shakedown Influencers rake in the dough, but who gets left holding the bag? BitBoy and Jimmy Butler drop $340K to settle with Binance investors, claiming they did nothing wrong. Meanwhile, Binance is getting slapped with another… https://t.co/i1A5adxy9F
