Prominent YouTuber Ben Armstrong (BitBoy) and Miami Heat basketball player Jimmy Butler have agreed to settle charges they allegedly hyped unregistered securities after accepting payments from Binance to illegally promote the assets. Butler and Armstrong promoted Binance and solicited new customers, taking commissions from it, the indictment said. Cryptocurrencies such as BNB and BUSD were securities, the indictment also said. The duo agreed to pay $340,000 as part of the settlement, which still needs court approval. The class-action lawsuit, filed in March 2023, alleges that the duo and Binance caused losses to consumers. Both deny wrongdoing, according to Bloomberg.