Former Bitboy Crypto YouTube channel host Ben “Bitboy” Armstrong has been denied an emergency injunction request in his ongoing lawsuit against Hit Network CEO TJ Shedd and Shedd’s father, according to new court documents. The Cobb County Superior Court in Georgia denied the order, stating that Armstrong failed to meet the burden of proof. Armstrong is now raising funds for his legal defense, with fans donating approximately $60,000 worth of Ethereum and Bitcoin in less than 24 hours. Armstrong had initially filed the suit against the Shedds but withdrew it one day later before refiling it. The lawsuits are ongoing.
Armstrong’s complaint sought an injunction to regain control of the company he claims to own 67% of, including access to its email, social media, and financial accounts. In a court hearing, Armstrong’s attorney alleged that the Shedds violated Georgia law by removing Armstrong from the company and claimed that Armstrong’s removal has resulted in significant financial losses for the company.
The Shedds’ attorney stated that the relationship between Armstrong and the Shedds is beyond repair and that the company is seeking a buyout. The Shedds’ complaint against Armstrong alleges physical assault and inappropriate behavior towards employees at Hit Network offices. However, Armstrong denies these allegations and claims they were made up to attack his character.
Armstrong also denies allegations of theft and mishandling of company assets. He argues that the NFTs in question belonged to him and that no one at the company raised concerns about him taking out loans on these assets. Armstrong also alleges that the company has mismanaged its finances.
In a livestream on his new YouTube channel, Armstrong stated that he has filed a police report due to a threatening text message he received. His wife expressed concern for their family’s safety amid ongoing tensions.
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