In a surprise move, BitBoy Crypto has officially parted ways with Ben Armstrong, a prominent figure in the cryptocurrency community. The company announced today via Twitter, confirming that it has taken decisive legal measures to remove Armstrong from its ranks. The decision was made by BJ Investment Holdings, the parent company of Hit Network, under which BitBoy Crypto falls. Let’s take a look at what happened.
- BitBoy Crypto has taken legal action to part ways with cryptocurrency influencer Ben Armstrong, citing serious unsubstantiated allegations.
- Armstrong’s removal is intended to address the emotional, physical, and financial harm to Hit Network employees and the BitBoy Crypto community.
- Armstrong’s challenge and ongoing legal battles are contributing to mixed reactions within the cryptocurrency community.
Bitboy Crypto: The Ben Armstrong saga ends in legal action
The reasons behind this sudden breakup are complex and include serious unverified allegations against Armstrong. However, the influencer himself has not yet responded to these allegations. To illustrate, Hit Network, which is described as a creator-focused media network, partners with several brands to deliver content related to cryptocurrencies, entrepreneurship, gaming, music, and sports.
BitBoy Crypto is the flagship brand of Hit Network, and has the highest popularity among its offerings. In an official statement, TJ Shedd, CEO of Hit Network, confirmed that Armstrong’s removal is intended to address the emotional, physical and financial impact he allegedly caused to Hit Network employees and the BitBoy Crypto community.
It is important to note that Armstrong is currently involved in a class action lawsuit alongside other celebrities. They are all accused of promoting the now-defunct cryptocurrency exchange FTX. The legal battle took a bitter turn when plaintiffs’ attorneys alleged that Armstrong engaged in aggressive behavior, including making “daily violent threats” through phone calls and emails.
The plot is thickening
Interestingly, the official BenCoin Twitter account responded to the news with a post attributed to Armstrong himself. However, the authenticity of this message remains in doubt. The message from the account suggests there is internal strife within BitBoy Crypto and Hit Network, with Armstrong referring to a “rebellion.” Despite the turmoil, Armstrong appears defiant, saying: “They don’t have any influence. Until they can clone me, I have nothing to worry about“.
Advertising It sparked a range of reactions within the cryptocurrency community across various social media platforms. During a live YouTube broadcast hosted by TJ Shedd, viewers expressed their dissatisfaction with Armstrong’s removal. Many called for his return, highlighting his importance to society. Conversely, Reddit saw a more positive response, with… Redditors are cheering the news.
As the dust settles on this landmark chapter, the cryptocurrency community is watching closely to see how the fallout will impact BitBoy Crypto and Ben Armstrong’s standing in the industry.
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