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Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
bitboy

Why Crypto Company BitBoy Cut Ties With Youtuber Ben Armstrong

Kent Tenix
by Kent Tenix
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BJ Investments Holdings, the cryptocurrency firm behind the crypto influencer brand BitBoy, has ended its partnership with Youtuber Ben Armstrong, surprising many in the crypto community. 

This sudden split comes after hints of behind-the-scenes issues. The company and Armstrong announced the breakup independently. 

Ben Armstrong No Longer Available At BitBoy As A Host

The dissolution of this major crypto partnership has ignited discussion across social media and crypto news outlets. Some fans are disappointed, while others speculate about the reasons for the breakup since few details were provided.

Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand. https://t.co/e0kYLKUZ4r

— Bitboy Crypto (@Bitboy_Crypto) August 28, 2023

The influential YouTube channel gained a large audience for making complex crypto concepts accessible. Their separation leaves many wondering what projects are next. BitBoy may pivot to new content styles, and Armstrong will likely continue his crypto commentary.   

Related Reading: Balancer Pools Face Ongoing Exploits – Details

It’s worth mentioning that Ben Armstrong previously insulted high-profile figures on his YouTube channel and X, boasting more than 1 million followers. Gary Gensler, Chairman of the US Securities Exchange Commission (SEC), and Christine Lagarde, president of the European Central Bank, were among these personalities he mocked. 

Notably, the YouTuber had been involved in a crypto lawsuit where investors alleged Armstrong and other Influencers were constantly promoting FTX without disclosing any compensation from the Exchange.

TOTAL chart
The daily chart shows the crypto market cap currently at $1.031 trillion. | Source: TOTAL chart from TradingView.com

Legal Actions Against Ben Armstrong

During the lawsuit, court filing elaborated that Armstrong threatened the lawyers representing plaintiffs to take legal actions, and he mocked the Federal Judge’s authority by not appearing in the court on the day of the court hearing. Hence, the case stayed pending on 16 June.

Previously in August 2022, Armstrong filed a lawsuit against YouTuber, “Erling Mengshoel Jr.” known as “Atozy,” claiming that he defamed Armstrong’s citations. But as Erling raised $200,000 for his defense, he dropped. 

Many X and YouTube users reacted with support for Armstrong following the August 28 announcement, expressing concern with the future of the “BitBoy Crypto” brand without its most recognizable face. Armstrong launched his YouTube channel in February 2018, and as of August 2023, the BitBoy Crypto brand had a total social reach of more than 3.3 million followers. 

Related Reading: Shiba Inu Lead Dev Reveals What’s Next For Shibarium
Featured image from Pixabay and chart from TradingView.com
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Kent Tenix

Kent Tenix

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Kent is a talented freelance writer and journalist who creates insightful and thought-provoking content. With over 5 years of experience, she has honed her skills and established herself as an expert in her field. Kent is especially passionate about in-depth reporting and investigative journalism. She thoroughly researches every topic and story she covers to provide readers with comprehensive information and perceptive analysis. Whether she's reporting on politics, business, technology, or culture, Kent prioritizes accuracy, nuance, and integrity. Her goal with every piece is to inform readers and inspire meaningful conversations and positive change. Kent enjoys traveling, photography, and spending time with her family when she's not tirelessly conducting interviews or poring over data. She hopes to continue using her writing to enlighten and engage audiences on issues that matter.

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