According to a latest report, Ben Armstrong, popularly often known as BitBoy within the cryptocurrency neighborhood, is dealing with tumultuous instances. After being ousted from the corporate he based, he has claimed to be on the receiving end of threats and extortion makes an attempt. Consequently, Armstrong is contacting his followers for monetary help in his authorized battle.
BitBoy: From Company Founder to Outcast
Ben Armstrong’s troubles started when he was allegedly pushed out of Hit Network. He based this media firm again in 2018. However, Armstrong claims that the corporate’s CEO, Timothy “TJ” Shedd Jr., and TJ’s father, Timothy Shedd Sr., conspired to take over the enterprise unlawfully. As a consequence, he discovered himself locked out of assorted accounts, successfully stripping him of management.
Besides these company points, Armstrong contends with private challenges. He alleges that his opponents have subjected him to public humiliation, blackmail, and even demise threats. Moreover, Ben even claims extortion makes an attempt over his Lamborghini. Hence, he filed a lawsuit in Georgia in opposition to the events.
Additionally, a dramatic twist in occasions noticed the rebranding of the ‘BitBoy Crypto YouTube channel to ‘Discover Crypto,’ showcasing the affect of the Hit Network over the model.
Moreover, in an emotional attraction on the social platform, X, Armstrong shared his predicament. He acknowledged he was present process the “most traumatic experience” of his life. Furthermore, Ben disclosed that he lacked the funds to maintain his legal battle. Thus, he earnestly requested his followers, particularly those that have benefited from his work, to assist him financially.
Crypto Community’s Mixed Reactions
Significantly, the crypto neighborhood has but to rally behind Armstrong unanimously. While some followers generously contributed to his Ethereum pockets, reportedly amassing almost $57,000, others have been extra skeptical. Several customers pointed to Armstrong’s show of luxurious gadgets in his movies, questioning the legitimacy of his claims of economic misery.
ZachXBT introduced consideration to a latest video the place Armstrong sported a high-end luxurious watch, suggesting that Armstrong’s plea could be extra about injury management than real want.
Furthermore, debates have ignited on numerous crypto boards and Twitter threads in regards to the ethics of influencers asking for monetary help. Some argue that Armstrong, profiting considerably from the crypto growth, ought to have the foresight to avoid wasting for such wet days. Others contend that no matter his previous earnings, nobody ought to endure the sorts of threats and extortions that Armstrong alleges.
As a consequence, Ben (BEN) noticed a extreme detrimental development over the past day, with costs falling from an intraday excessive of $0.00000002511 to a 7-day low of $0.00000001832. At press time, BEN was buying and selling at $0.00000001906, a 12.68% lower from its 24-hour excessive.
BEN/USD 1-day chart (supply: CoinGecko)
Armstrong’s plea additionally drew consideration to the extra vital concern of belief within the crypto neighborhood. Given cryptocurrency’s decentralized and infrequently nameless nature, religion performs a vital function in transactions and interactions. However, incidents like these, the place a outstanding influencer is embroiled in controversy, are likely to shake that belief.
The introduced content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability for your private monetary loss.
