BitBoy: From Founder to Outcast
Ben Armstrong, also known as BitBoy in the crypto community, is currently facing a difficult situation. After being ousted from the company he founded, he claims to be receiving threats and extortion attempts. As a result, Armstrong is reaching out to his followers for financial support in his legal battle.
Armstrong’s troubles began when he was allegedly pushed out of Hit Network, the media company he started in 2018. He believes that the company’s CEO and his father conspired to unlawfully take over the business, leaving him without control over various accounts.
In addition to these corporate issues, Armstrong has also had to deal with personal challenges. He alleges that his opponents have subjected him to public humiliation, blackmail, and even death threats. He even claims that there have been attempts to extort him over his Lamborghini. As a result, he has filed a lawsuit in Georgia against the parties involved.
The situation took a dramatic turn when the ‘BitBoy Crypto YouTube channel’ was rebranded as ‘Discover Crypto,’ highlighting the influence of the Hit Network on the brand.
Crypto Community’s Mixed Reactions
The crypto community has not shown unanimous support for Armstrong. While some followers have generously contributed to his Ethereum wallet, others have been more skeptical. Some users have questioned the legitimacy of Armstrong’s claims of financial distress based on his display of luxury items in his videos.
Debates have emerged on various crypto forums and Twitter threads regarding the ethics of influencers asking for financial assistance. Some argue that Armstrong should have saved money during the crypto boom, while others believe that nobody should face threats and extortion like he alleges.
As a result of these events, Ben (BEN) has seen a significant decrease in price, falling from an intraday high of $0.00000002511 to a 7-day low of $0.00000001832.
Hot Take: Trust in the Crypto Community
Armstrong’s plea brings attention to the larger issue of trust within the crypto community. Trust plays a crucial role in transactions and interactions in the decentralized and often anonymous world of cryptocurrency. However, incidents like this, where a prominent influencer is embroiled in controversy, can shake that trust.
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