BitBoy Crypto Exposes Money Laundering Ring
Ben Armstrong, also known as BitBoy Crypto, has been revealing the identities of individuals he believes have been involved in money laundering within his company, Hit Network. One of the individuals named by BitBoy is Justin Williams.
Conflict between Ben Armstrong and Hit Network
A dispute between Ben Armstrong and Hit Network, the company that owns BitBoy Crypto, began earlier this year. The company and its top executive severed ties with Armstrong in August, citing concerns about substance abuse and harm to employees.
Shortly after, BJ Investment Holdings, the parent company of BitBoy Crypto and Hit Network, fired Armstrong for similar reasons, alleging drug abuse and significant damage to the company.
Additional Accusations by Ben Armstrong
Last week, Ben Armstrong accused Brian Evans and Daniel Gouldman of being part of the money laundering ring. He vowed to take legal action against them in an attempt to recover his stolen assets.
Daniel Gouldman has sent several of his contacts to try to phish for information from me. These are threats.
Let me show you guys what I mean. This is the guy who introduced me to Daniel Gouldman.
“Worried about me” the same week I dox the money laundering ring. pic.twitter.com/zZVlpsPqgr
— Ben Armstrong (@BenArmstrongsX) October 29, 2023
Fear for Personal Safety
At the time, Ben Armstrong expressed concerns about his safety, stating that certain individuals may pose a threat to him. He held Brian Evans and Daniel Gouldman responsible if anything were to happen to him.
If something happens to me and I mysteriously die, the first two people you need to look at are Brian Evans and Daniel Gouldman.
The money laundering ring is real and they are mad
— Ben Armstrong (@BenArmstrongsX) October 29, 2023
New Accusation: Justin Williams
In a recent blog post, Ben Armstrong accused Justin Williams, the founder of Voomio multi-chain NFT Marketplace, of being involved in fraud and money laundering. Armstrong claimed that Williams used investors’ funds to purchase personal NFTs.
Here it is folks. @NFT_Justin buying personal NFTs with Voomio Investors’ money. This is just the beginning guys. Justin Williams has been money laundering since day 1 of entering my company.
We have all the addresses and will release them in due time. Times almost up Justin 🇨🇴 pic.twitter.com/86B7fUs4OK
— Ben Armstrong (@BenArmstrongsX) November 2, 2023
Background on Justin Williams
Justin Williams has been accused by Ben Armstrong of participating in money laundering from the moment he joined Armstrong’s company. Williams has been involved in the crypto industry since 2017 and is recognized as a pioneer in the web3 and NFT space. He has previously faced allegations of money laundering.
Hot Take: The Unraveling Crypto Drama
The ongoing conflict between Ben Armstrong, Hit Network, and the individuals accused of money laundering continues to captivate the crypto community. As more names are revealed and allegations made, the industry is left wondering about the extent of the alleged financial misconduct. The outcome of legal proceedings, if they occur, will undoubtedly have implications for both Armstrong and those accused. This ongoing drama serves as a reminder of the risks and challenges faced in the crypto space, where trust and transparency are paramount.
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