Pro basketballer Jimmy Butler and crypto influencer Ben Armstrong are looking to settle claims in a Binance-related class lawsuit while denying any wrongdoing.
NBA star Jimmy Butler and crypto YouTuber Ben Armstrong, known as “BitBoy,” have agreed to pay a combined $340,000 to settle a class-action lawsuit claiming they promoted Binance, which is alleged to have sold unregistered securities.
Lawyers for the class group asked a Miami federal judge on Aug. 19 to give preliminary approval to the deal, which would resolve an ongoing lawsuit that has been ongoing since March 2023.
Butler’s settlement agreement seen by Cointelegraph shows he would pay $300,000 and adds he “adamantly denies any and all wrongdoing.” He believes he would “be absolved of all liability” if the case was litigated to conclusion.
