Crypto Influencer Bitboy Crowdfunds $59,000 Amid Legal Battle
Crypto influencer Ben Armstrong, also known as “Bitboy,” has turned to the crypto community for support by launching a crowdfunding campaign. In an emotional video shared on social media, Armstrong revealed the challenges he is facing due to an ongoing legal dispute with Hit Network.
Armstrong alleged that he has experienced blackmail, public humiliation, and even death threats as a result of the legal battle. He claimed that Hit Network has drained his finances, leaving him unable to continue fighting without external assistance.
As of now, the Ethereum address provided for donations has received $59,788 from 97 separate transactions. However, this initiative has sparked backlash within the crypto community.
The Emotional Plea for Support
In a heartfelt plea for help, crypto influencer Ben Armstrong, also known as “Bitboy,” shared a video expressing his distress and financial strain caused by an ongoing legal battle with Hit Network. Armstrong recounted instances of blackmail, public humiliation, and death threats he has faced throughout this ordeal.
Armstrong explained that Hit Network had depleted his financial resources, leaving him unable to continue the legal fight alone. Consequently, he turned to the crypto community for support through a crowdfunding campaign.
At present, the Ethereum address provided for donations has received $59,788 from 97 separate transactions. Despite this show of solidarity from some supporters, others in the crypto community have expressed their dissatisfaction with this approach.
Community Backlash Over Crowdfunding
The decision by crypto influencer Bitboy to launch a crowdfunding campaign amid his legal battle with Hit Network has stirred controversy within the crypto community. While some individuals have shown support by donating to his cause, others have criticized this approach.
Armstrong’s plea for financial assistance has drawn attention to the broader issue of influencers’ accountability and responsibility. Some argue that it is the influencer’s responsibility to manage their finances and legal matters without relying on their audience for support.
Despite the mixed reactions, Bitboy has managed to raise $59,788 from 97 separate transactions through his crowdfunding efforts. The outcome of his legal battle and the long-term implications of this fundraising approach remain uncertain.
Hot Take: The Ethical Dilemma of Crowdfunding for Legal Battles
The case of crypto influencer Bitboy crowdfunding for his legal battle highlights a contentious ethical dilemma within the crypto community. While some view crowdfunding as a legitimate means of seeking support, others question the responsibility influencers have in managing their personal affairs.
This situation raises questions about the sustainability of relying on external financial assistance from one’s audience. It also underscores the need for influencers to consider alternative solutions, such as insurance or professional legal counsel, to handle legal disputes.
Ultimately, this incident serves as a reminder that influencers should prioritize financial responsibility and explore other avenues before turning to their followers for support in legal matters.
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