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.
Summary
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:
