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Market News

Complainants file for Dave Portnoy’s Dismissal from SafeMoon Lawsuit

The filing for dismissal comes after Portnoy’s side claimed that he has no connection with the SafeMoon project.

Written By:
Ritu Lavania

Last updated: September 6, 2025 5:12 PM
Published 2022-09-12
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Complainants file for Dave Portnoy’s Dismissal from SafeMoon Lawsuit

SafeMoon investors are letting off American blogger, internet celeb Dave Portnoy after complainants filed for his dismissal from the lawsuit against him for allegedly promoting the SafeMoon token.

The recent filing for dismissal comes after Portnoy’s side claimed that he has no connection with the SafeMoon project.

Dave Portnoy was sued by SafeMoon investors for apparently ‘pumping SafeMoon’. Later, Portnoy clarified that he never received any compensation from the SafeMoon project and has also lost a lot of money after his investment in the token.

Also Read: Dave Portnoy Sued by SafeMoon Investors for Pumping Coin

On August 08, he also tweeted that even before making investment, he told people that the project may be a scam and also asked his followers if he should sue the complainants for wasting his time.

Last month, Dave also alleged that he was facing criticism from SafeMoon for “unfair representations” and giving the company “a bad look” by mentioning his token losses on his show. His complaint further revealed that the project had asked him to update his holdings to version 2.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ritu Lavania - Crypto Content Writer at The Crypto Times
By Ritu Lavania
Ritu Lavania is a content writer at The Crypto Times. She is also a literature enthusiast who loves beautiful clicks, flowery letters and has started to appreciate NFT Art. She loves dogs (and wishes to pet them), loves elephants (but can't afford them), and also likes spiders (and has a few of these in her window grills).

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