BJ Investment Holdings Severs Ties with BitBoy Crypto YouTuber Ben Armstrong
BJ Investment Holdings, the parent company of the Hit Network that controls BitBoy Crypto, has officially cut ties with popular YouTuber and influencer Ben Armstrong. The company announced this decision on X, making strong allegations against Armstrong’s character. The reasons behind this split were explained in a detailed YouTube announcement, where a company spokesperson cited Armstrong’s relapse into substance abuse as a determining factor. The firm also claimed that Armstrong had caused emotional, physical, and financial harm to individuals in the crypto space and Hit employees. However, Armstrong has yet to respond or confirm these allegations.
Possible reasons for the separation include Armstrong’s involvement in a class-action lawsuit relating to the promotion of the now-bankrupt FTX exchange without disclosing compensation. He also made threats against lawyers representing the plaintiffs and insulted high-profile figures such as Christine Lagarde and Gary Gensler. On social media, reactions were mixed, with some expressing support for Armstrong and concerns about the future of the BitBoy Crypto brand, while others celebrated his departure.
In conclusion, BJ Investment Holdings has terminated its association with Ben Armstrong, pointing to his relapse into substance abuse and alleged negative impacts on individuals and the company. Armstrong’s legal troubles, including the FTX lawsuit and defamation case against YouTuber Erling Mengshoel Jr, may have contributed to the decision. The response from social media users has been divided, with some expressing disappointment and others welcoming the news.
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