SafeMoon investors are letting Barstool Sports founder Dave Portnoy out of harm’s way as plaintiffs have requested his dismissal of the lawsuit against him for allegedly promoting the SafeMoon token.
On August 8, heinternet celebrity tweeted that he was being sued by investors for “promoting SafeMoon”. Portnoy claimed that he never received any compensation from the project and mentioned that he also lost a lot of money after investing in the token.. Also highlighted who told people the project might be a scam before making their investment and asked his audience if he should sue the plaintiffs for wasting his time.
One month after, A court filing retrieved by the legal information website Justia showed that the people who started the lawsuit against Portnoy filed a dismissal notice. This follows an earlier presentation by Portnoy’s side stating that he has no relationship with the SafeMoon project.
Aside from SafeMoon investors, The celebrity also shared an email last month showing that he is facing pressure from SafeMoon for alleged “unfair representations” and giving the company “a bad image” when he mentioned his token losses on his show. The complaint also showed that the project had asked the celebrity to update their entries to version 2.
In 2020, Portnoy made headlines for exiting Bitcoin (BTC) after facing a $25,000 loss. A month later, the trader noted that he was back in BTC and stated that his “heart is in cryptocurrencies.”noting that the cryptocurrency community is a nice bunch of people.
In the meantime, a SafeMoon lawsuit in February targeted many celebrities and influencers for an alleged connection to a SafeMoon-related pump-and-dump scheme. The scheme included YouTubers Jake Paul and Ben Philips and musicians Nick Carter, Soulja Boy and Lil Yachty.
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