In a surprising turn of events, BitBoy Crypto has officially cut ties with prominent crypto influencer Ben Armstrong.
Confirming the departure, BitBoy Crypto took to Twitter today to announce the removal of Ben Armstrong from the brand. The company revealed that BJ Investment Holdings, the parent company of Hit Network, had taken swift legal action to sever ties with Armstrong.
The reasons behind this decision are complex, involving serious and personal allegations against Armstrong. These allegations, however, have yet to be addressed by the influencer himself.
A Disentanglement Marked by Uncertainty
BitBoy Crypto, a flagship brand under the Hit Network umbrella, holds a significant position in the world of crypto content creation. As the most popular brand within the network, its decision to distance itself from Armstrong is a notable development.
TJ Shedd, the CEO of Hit Network, shared insights on the matter during a YouTube livestream, highlighting the move’s purpose to address the emotional, physical, and financial impact that Armstrong’s actions have had on both employees of the Hit Network and the BitBoy Crypto community.
Notably, Armstrong has yet to offer an immediate response to the news, leaving many to speculate about the situation’s nuances.
Cryptic Responses and Community Reaction
The BenCoin Twitter account shared a post attributed to Armstrong, suggesting that a mutiny had taken place within BitBoy Crypto and the Hit Network. The message expressed defiance, asserting that the upheaval orchestrated by others would not succeed, claiming that Armstrong’s uniqueness is irreplaceable.
This announcement stirred mixed reactions within the cryptocurrency community across various social media platforms. On YouTube, the chat during the aforementioned livestream revealed a surge of discontent among viewers who expressed displeasure with Armstrong’s removal and voiced their demand for his return.
Meanwhile, Reddit witnessed an interesting blend of responses. A post titled “End Of An Era? – Ben Armstrong” garnered attention, with some Redditors rejoicing at the news. The post was met with a cheer and enthusiasm, reflecting differing opinions on Armstrong’s departure.
Context Beyond the Split
It’s worth noting that Armstrong’s exit from BitBoy Crypto comes at a time when he is entangled in a class-action lawsuit along with other celebrities, stemming from allegations of promoting a now-defunct crypto exchange, FTX. This lawsuit took an even more contentious turn when the plaintiffs’ attorney accused Armstrong of harassment, claiming he had issued “daily violent threats” via phone and email.
As the cryptocurrency community absorbs the news of BitBoy Crypto’s separation from Ben Armstrong, speculation is rife about the potential repercussions and the future direction of both the influencer and the platform itself.