HomeCryptoFormer BitBoy crypto raises $150,000 from fans to sue company

Former BitBoy crypto raises $150,000 from fans to sue company

Former BitBoy Crypto, Ben Armstrong, has raised as much as $150,000 in cryptocurrency from his fans that will be used to sue the parent company that removed him from the brand. 

Former BitBoy Crypto raises funds from his fans to sue the company that removed him from the brand

Ben Armstrong, former face of BitBoy Crypto, has raised as much as $150,000 in cryptocurrency from his fans to sue the parent company that removed him from the brand. 

The crypto-influencer reportedly received more than $62,000 on his Ethereum wallet from 117 addresses and $91,000 on his Bitcoin address with more than 50 transactions. These funds were raised in just three days after Armstrong asked his fans to send him funds for his legal defense.  

The former BitBoy crypto turns out to still be widely followed by his crypto-community. On his X profile (formerly Twitter), where he has 35,560 followers, the crypto-influencer changed his description as follows.

“Don’t call me BitBoy anymore. My name is Ben Armstrong. Follow me if you like crypto and be a part of $BEN Nation.”

Despite this description, however, it appears that Armstrong has not accepted the accusations of BitBoy Crypto’s parent company, and says he is ready to take legal action. 

Former BitBoy Crypto: what happened after Ben Armstrong’s removal from the brand 

It was just a month ago when the official BitBoy Crypto account on X (formerly Twitter) broke the news to its 1 million followers about the dismissal of YouTuber Ben Armstrong

The stated motivation was his drug abuse, which allegedly created financial, emotional and physical damage to the company

This decision was made by BJ Investment Holdings and its parent company Hit Network, through decisive legal action. 

Immediately after being kicked out of BitBoy Crypto, Armstrong sought an emergency injunction against Hit Network CEO TJ Shedd and CFO Timothy Shedd Sr. Armstrong, but the Georgia court rejected his request

Hence, his request to his fans for funds to proceed with a new subpoena. 

The collateral damage of the decision

As the two sides prepare for the legal battle, the removal of the public face of BitBoy Crypto’s trademark has already damaged HitNetwork. 

The company reportedly lost about $1 million in revenue after Armstrong’s dismissal, while BitBoy’s YouTube channel lost more than 20,000 subscribers.

In any case, Armstrong also follows up by posting his own versions of what’s going on at Hit Network, such as the tweet fixed at the top of his profile, in which he accuses the boss of being a criminal:

Stefania Stimolo
Stefania Stimolo
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.
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