Issues carry on going from dangerous to worse for BitBoy.
The crypto influencer — whose actual title is Ben Armstrong — was using excessive with a YouTube channel that had a whole bunch of hundreds of subscribers.
However again in the summertime of 2023, whereas altcoins have been within the grip of a punishing bear market, BitBoy was going via a dramatic downturn of his personal.
In a damning livestream on the present he helped create, an announcement was learn out that mentioned:
“BJ Funding Holdings, the father or mother firm of HIT Community, took decisive authorized motion in eradicating Ben Armstrong from the corporate, and particularly the BitBoy Crypto model.”
It was alleged that Armstrong had relapsed into substance abuse — and had triggered “emotional, bodily and monetary harm” to the corporate’s workers.
BitBoy got here out swinging from these claims — and posted a replica of a doc that appeared to point out he had examined damaging for a slew of main medication.
I’ll take “Issues That By no means Occurred” for $500, Nicholas. pic.twitter.com/Det0J9H0Y8
— $BEN (@joinBENCoin) August 29, 2023
Nonetheless, within the months that adopted, it was clear to see that BitBoy was unraveling. In September 2023, he broadcast a surreal 37-minute livestream outdoors of a former colleague’s home. Shouting and out of breath, he claimed Carlos Diaz had his Lamborghini saved in his storage — and he needed it again.
That broadcast continued as he was confronted by the police, with BitBoy telling officers that he had obtained demise threats. He was subsequently arrested.
The whole insane 37-minute #bitboy stream ranging from Carlo's driveway (him on his property) to him ending the stream. @HitNetwork_ @NickDimondi Insane! #crypto @AltcoinDailyio @cryptoblood_ @CryptoSavy1 @atozy pic.twitter.com/3YSd3pRLIm
— Ramekin (@iamramekin) September 26, 2023
By October 2023, BitBoy confirmed that he was getting a divorce from his spouse Bethany — in a submit on X that additionally tagged his mistress. That’s actually a method of creating the announcement.
Generally in life you make errors you’ll be able to't undo. Unhappy to inform you all that @Bethanyliterary and I are getting a divorce. She filed divorce papers to me right now.
To get it out of the best way so there aren’t any questions, sure, I’m with @DuchessOfDeFi.— The BitBoy (@BenArmstrongsX) October 24, 2023
The 42-year-old has, in his personal phrases, admitted that he’s presently going via a “midlife disaster” — dropping his household, fortune and profession in a single fell swoop. And whereas he has began another YouTube channel, which has now grown to 147,000 subscribers, it solely attracts a tiny fraction of the views his previous platform obtained.
What’s Taking place Now?
That brings us neatly to the most recent disaster going through BitBoy, who has been arrested in Florida and is now being held with out bail.
Again on March 21, he had revealed to his followers that he had been sending emails to an area decide whereas appearing as his personal lawyer.
At this level, it’s unclear what these emails contained — however BitBoy claimed in that very same submit that public officers have been “hiding corruption at some point at a time.”
One other authorized headache going through BitBoy considerations the category motion lawsuit filed over the disastrous launch of his $BEN token, with buyers claiming they made vital losses regardless of being promised substantial returns.
Issues about BitBoy’s practices have been rumbling on for a number of years. Again in November 2021, a rival YouTuber referred to as Atozy described Armstrong as a “shady dirtbag who milks his viewers for a fast buck reasonably than giving them real recommendation.”
Simply among the claims made in opposition to BitBoy on this video embody stealing work from different creators, and pumping small-cap altcoins. Atozy warned:
“He merely can’t be trusted with monetary recommendation since you don’t know if he’s making an attempt to counterpoint you or himself.”
That video — which stays on-line to this present day — swiftly led to BitBoy launching a defamation lawsuit. Atozy documented this in a subsequent video, and started crowdfunding to cowl his prices.
BitBoy swiftly rowed again on this authorized motion after information of the court docket filings have been made public — and apologized in certainly one of his movies.
“I didn’t perceive that my title is now so large that, if I file a lawsuit, it will likely be discovered and made public. Clearly, if this could have been public, I wouldn’t have performed it. Not as a result of I need to conceal it — all we try to do is get him to take down the video that has factually fallacious info, that has implications for me as an individual. When my children Google their dad, you realize what comes up? That video. You ever had your children look you up within the face and ask ‘Dad, are you a scammer?'”
Full with a damning New York Occasions profile into his rise and fall, BitBoy’s affect is now a shadow of what it as soon as was — and his newest arrest is an indication that issues are going to worsen, and will by no means get higher.
Nonetheless, he stays decided that his movies and evaluation are the one factor that crypto fanatics must get wealthy — posting:
“For those who comply with me and watch my channel I assure you’ll generate profits in crypto. I’m taking part in on the next stage than everybody else. It’s going to take about 3 months for individuals to understand this.”
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