Home CryptocurrencyAltcoin Plaintiffs file motion to dismiss Dave Portnoy from SafeMoon lawsuit

Plaintiffs file motion to dismiss Dave Portnoy from SafeMoon lawsuit

by SuperiorInvest

SafeMoon investors let Barstool Sports founder Dave Portnoy off the hook as prosecutors ask to be dismissed from a lawsuit against him for allegedly promoting the SafeMoon token.

August 8 internet celebrity he tweeted that he is being sued by investors for a “SafeMoon shilling”. Portnoy claimed that he never received any compensation for the project and mentioned that he also lost a lot of money after investing in the token. He too highlighted that he told people the project might be a scam before he made his investment and asked his audience if he should sue the plaintiff for wasting his time.

A month later, a court filing found legal information website Justia showed the people who initiated the lawsuit against Portnoy filed notice of dismissal. This follows an earlier filing from Portnoy’s side, where he said he had no connection to the SafeMoon project.

In addition to the SafeMoon investors, the celebrity also shared an email last month that showed he was facing pressure from SafeMoon for allegedly “unfair statements” and “poor view” of the company when he mentioned his token losses on his show. The complaint also revealed that the project asked the celebrity to update their assets to version 2.

Related: A new crypto lawsuit tracker shows 300 cases from SafeMoon to Pepe the Frog

In 2020, Portnoy made headlines to exit bitcoin (BTC) after facing a loss of $25,000. A month later, the merchant noted that he did back to BTC and claimed that his “heart is crypto,” noting that the crypto community is a fun group of people.

Meanwhile, the SafeMoon lawsuit occurred in February it targeted many celebrities and influencers for alleged connection to a pump-and-dump scheme related to SafeMoon. The scheme involved YouTubers Jake Paul and Ben Philips and musicians Nick Carter, Soulja Boy and Lil Yachty.

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