Home Crypto Market Movers Crypto Influencer BitBoy Faces Arrest Amidst Turbulent Legal Battle

Crypto Influencer BitBoy Faces Arrest Amidst Turbulent Legal Battle

BitBoy Crypto

In a twist that has sent shockwaves through the cryptocurrency universe, prominent influencer Ben Armstrong, widely recognized as BitBoy Crypto, has been arrested following a dramatic showdown with a former business associate. As we delve into the unfolding events, it becomes evident that the crypto world is captivated by the enigma surrounding Armstrong’s legal predicament.

The Gwinnett County Sheriff’s Department revealed that Benjamin Charles Armstrong was taken into custody late on the night of September 25th. Although specific charges have yet to be officially filed, the circumstances leading to his arrest are nothing short of extraordinary.

On that fateful evening, Armstrong decided to livestream his confrontation with a former business partner, setting the stage for a high-stakes showdown. Social media platforms, including the rebranded X (formerly known as Twitter), witnessed the live broadcast, where Armstrong was seemingly attempting to retrieve his Lamborghini.

However, the situation took a perilous turn when law enforcement authorities swiftly intervened, leaving viewers perplexed and concerned. During his interaction with the police, Armstrong made the alarming claim of possessing a weapon inside his vehicle, further escalating the tension.

These dramatic developments come on the heels of recent upheaval within the cryptocurrency sphere. Just weeks ago, BitBoy Crypto, a popular YouTube channel where Armstrong played a central role, announced his departure. The channel cited its decision as a “long-term commitment to help Ben overcome his substance abuse problem and try to resolve the emotional, physical, and financial harm caused to the employees of the Hit network and the Bitboy Crypto community.”

Notably, in an intriguing turn of events, Ben Armstrong had managed to rally significant financial support from his devoted followers, amassing a staggering $150,000 in cryptocurrency. This financial aid was intended to fuel his legal battle against the parent company responsible for his removal from the brand.

The crypto community demonstrated unwavering support, with over $62,000 transferred to Armstrong’s Ethereum wallet from 117 different addresses. Additionally, $91,000 was sent to his Bitcoin address via more than 50 transactions, all within a mere three days after he appealed to his fans for assistance. Despite his departure from the BitBoy Crypto brand, Armstrong continues to be a magnetic figure in the world of cryptocurrency, with enthusiasts eagerly tracking his every move.

As he grapples with these tumultuous developments, Armstrong appears to have shifted gears. Renaming his X (formerly Twitter) profile to reflect his new identity, he declared, “Don’t call me BitBoy anymore. My name is Ben Armstrong. Follow me if you are passionate about cryptocurrencies and are part of $BEN Nation.”

It is evident that Armstrong is unwilling to accept the allegations made by BitBoy Crypto’s parent company, setting the stage for a protracted legal battle. Only a month ago, BitBoy Cryptocurrency’s X (formerly Twitter) account, boasting a staggering one million followers, announced the abrupt dismissal of YouTuber Ben Armstrong.

The rationale behind this abrupt decision revolved around Armstrong’s alleged struggles with substance abuse, which the company claimed had inflicted financial, emotional, and physical damage. The decision to sever ties with Armstrong was executed by BJ Investment Holdings and its parent company, Hit Network, through assertive legal channels.

In a desperate bid to reverse the tide, Armstrong had sought an emergency injunction against Hit Network CEO TJ Shedd and CFO Timothy Shedd Sr. However, his plea was met with a resounding rejection by the Georgia court, deepening the complexities of his legal ordeal.

In the wake of these unfolding events, the crypto community remains divided and intrigued. With BitBoy Crypto’s future hanging in the balance and Ben Armstrong’s legal battles gaining momentum, the cryptocurrency universe finds itself at a crossroads, uncertain of what lies ahead.

This unprecedented saga serves as a stark reminder of the volatile nature of both the cryptocurrency market and the influencers who shape it. As the world watches the cryptosphere with bated breath, the story of BitBoy Crypto and Ben Armstrong continues to unfold, leaving us with more questions than answers.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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