Kevin O'Leary Wins $2.8 Million Lawsuit Against Bitboy Crypto

Kevin O’Leary won $2.8 million in a defamation lawsuit against crypto influencer Ben Armstrong, known as Bitboy Crypto. A federal judge entered a default judgment after Armstrong failed to properly respond to the case.

Judge Beth Bloom said Armstrong falsely accused O’Leary of murder on X in March 2025, posted his private phone number, and urged followers to call him a “real life murderer.” The posts disrupted O’Leary’s personal and professional life and forced him to increase security.

The claims were tied to a 2019 boating accident in which two people died. O’Leary was never charged, and his wife was cleared after trial.

The court awarded $78,000 for reputational harm, $750,000 for emotional distress, and $2 million in punitive damages. The judge rejected Armstrong’s claim that mental health issues caused his failure to respond.