Former BitBoy Crypto Raises Funds from Fans to Sue Parent Company
Ben Armstrong, formerly known as the face of BitBoy Crypto, has successfully raised $150,000 in cryptocurrency from his fans. The funds will be used to sue the parent company that removed him from the brand. In just three days, Armstrong received over $62,000 on his Ethereum wallet from 117 addresses and $91,000 on his Bitcoin address through more than 50 transactions. This overwhelming support showcases Armstrong’s continued popularity within the crypto community.
Armstrong’s Response and Legal Action
Despite being removed from BitBoy Crypto, Armstrong has not accepted the accusations made by the parent company. He remains firm in his stance and is ready to take legal action against them. On his X profile (formerly Twitter), where he has 35,560 followers, Armstrong changed his description to reflect his new identity: “Don’t call me BitBoy anymore. My name is Ben Armstrong. Follow me if you like crypto and be a part of $BEN Nation.”
What Led to Ben Armstrong’s Removal
A month ago, BitBoy Crypto’s official account announced the dismissal of YouTuber Ben Armstrong to its 1 million followers. The decision was made due to allegations of drug abuse causing financial, emotional, and physical damage to the company. BJ Investment Holdings and its parent company Hit Network took decisive legal action against Armstrong. Despite seeking an emergency injunction against Hit Network’s CEO and CFO, his request was rejected by a Georgia court.
The Collateral Damage
The removal of Ben Armstrong as the public face of BitBoy Crypto has already caused significant damage to Hit Network. The company reportedly lost around $1 million in revenue following Armstrong’s dismissal. Additionally, BitBoy’s YouTube channel experienced a loss of over 20,000 subscribers. Armstrong continues to post his side of the story, accusing the boss of Hit Network of being a criminal.
Hot Take: The Battle Continues
The battle between Ben Armstrong and BitBoy Crypto’s parent company shows no signs of slowing down. With the support of his fans, Armstrong has raised substantial funds to pursue legal action. The damage caused by his removal is evident, with significant financial losses and a decrease in subscribers for BitBoy Crypto. As both sides prepare for the legal battle ahead, it remains to be seen how this conflict will unfold and what impact it will have on the crypto community.
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