The world of cryptocurrencies is diverse and provides the end investor with tons of opportunities to put their money into and expect a return on their investment. As a matter of fact, there are not only investors out there that are carrying the load of the crypto market but analysts, enthusiasts, and people who are educating others about this domain over social media, especially YouTubers.
According to the recent turn of events, a YouTuber by the name of BitBoy has sued his fellow YouTuber Atozy over his claims that BitBoy is engaged in a crypto shilling and is issuing misleading information to his followers.
What is Shilling?
BitBoy has issued a lawsuit against Atzoy over his claims that the earlier is engaged in crypto-oriented scams and shilling. Shilling is basically false publicity targeting a specific cryptocurrency or project in which the person is advertising issues strong comments regarding the product that they want their followers to buy and engage with.
Shilling is not an official crime per se as anyone can advertise their product or service despite the fact that the said product or service is doing nothing or is nothing compared to the advertisement made about the product, but it sure is unethical.
The BitBoy channel is run by Brian Armstrong and features crypto tokens and projects that are new and have the potential for the investment of the financiers out there. It focuses on the news and other such media regarding these projects, each and every video produced by BitBoy does confirm that the individual is not a professional in either crypto or financial elements, and caution is advised to all viewers that they should approach the content on their own merits and risks.
The fellow YouTube Atzoy found a deleted video of BitBoy in which the latter can be seen singing high praises for the Pamp crypto project and asking its followers to invest heavily in the project or be ready to tackle FOMO (fear of missing out). The Pamp crypto project ended on a sour note and brought many fellow investors to their knees, hence an odd perception of shilling that can be tied with BitBoy.