Barstool Sports founder and bitcoin bettor Dave Portnoy is slammed with a lawsuit by SafeMoon investors. He also revealed that SafeMoon sued him for trashing the company in his video.
Portney has made an investment of $40,000 in SafeMoon, which sliced into $2,370.94 after the tokens price fell by over 94%. However, even in extreme market conditions, he didn’t sell any single token.
According to CoinMarketCap, SafeMoon is trading around $0.0003972 while writing, which is 88.5% down from it’s all-time high.
Portnoy claims that investors want to sue him for pumping the coin. He stated on Twitter, “Thought I was under attack. Nope just telling me I was getting sued for schilling [sic] safemoon. Im [sic] only guy who loses all his money in SafeMoon and gets sued for it,” he added.
Also, Portnoy reportedly was sued by SafeMoon because he trashed the coin in the “Bitcoin 2022” video. In the official document, SafeMoon officials stated that Portnoy’s comment about the company gives a “bad look and unfair representation”.
Also, SafeMoon pointed out that he failed to mention that he hasn’t upgraded his holdings to V2 yet.