Connect with us

Hi, what are you looking for?

Economy

Crypto Influencer BitBoy Ends YouTube Show Amid Ongoing Legal Battles

Source: Midjourney

Renowned crypto influencer BitBoy, real name Ben Armstrong, has announced the end of his daily crypto show on January 31.

Cash Crunch and Legal Battles Prompt Closure


In a surprising turn of events, BitBoy bid farewell to his three-year daily crypto show. Revealed on his YouTube channel, BitBoy attributed the decision to financial challenges.

According to him, his financial struggles have been further aggravated by his ongoing legal battles, which have seen him spend considerable time pleading his case in court.

Providing more details, BitBoy revealed that he spends as much as $25,000 weekly to create and publish his daily shows. A further $100,000 is channeled towards covering his legal fees. According to him, he has lost everything.

Good Morning Crypto .

Ben “Bitboy” Armstrong announced he’s retiring from crypto streaming, saying he has lost everything.#thursdaymorning #thursdayvibes #ThursdayMotivations #ThirstyThursday #Bitcoin pic.twitter.com/HAyf6LwSug

— tanjiro (@tanjiroNFTs) February 1, 2024

BitBoy’s legal issues started in mid-2023 when he created his crypto asset, the $BEN coin. Following the launch of the digital asset, the BitBoy Crypto brand did not endorse the idea.

In an announcement on X, BitBoy Crypto’s parent company, BJ Investment Holdings, stated that it would take legal action against Armstrong. Consequently, the crypto influencer was ousted from the entire BitBoy Crypto franchise business.

Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand. https://t.co/e0kYLKUZ4r

— Bitboy Crypto (@Bitboy_Crypto) August 28, 2023

In response, Armstrong filed a counter-lawsuit, but the tide of events remained irreversible. Since then, the YouTuber has reported an onslaught of legal battles emerging from everyone and everywhere.

“We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle. Everyone I know is coming after me right now,” Armstrong explained in his closing YouTube presentation.

Reminiscing with his 60,000 followers on X, Armstrong said he would likely miss them after his daily show ended.

My daily crypto livestream has been my life.

We had a good run. 3 years. Every Monday through Friday without rare exception.

Holidays. Birthdays. Market crashes. Bull market tops. Epic rants. I was there with you through it all.

I’ll miss you guys.

— Ben Armstrong (@BenArmstrongsX) January 31, 2024

Followers Rally Around BitBoy


Armstrong rose to prominence in 2021, captivating crypto enthusiasts with his daily insights on digital assets. Covering digital asset fundamentals, price predictions, and Web3 investment opportunities, his YouTube channel amassed more than 91,000 followers in the subsequent years.

Following his announcement, his YouTube subscribers gave him moral support. One stated that his show served as a treasure trove of information, allowing would-be investors to get first-hand knowledge since 2021. Many of his subscribers are rooting for him to make a possible comeback.

While the atmosphere is largely positive, Armstrong has not hinted at any possible comeback on his YouTube show and X handle.

The post Crypto Influencer BitBoy Ends YouTube Show Amid Ongoing Legal Battles appeared first on Cryptonews.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

The US Energy Information Administration (EIA) has agreed to discard any data it already collected in response to its emergency Bitcoin mining survey, court...

Economy

Bitcoin is witnessing a significant movement, with exchanges experiencing a near-record outflow of over $2 billion. According to a post by James Van Straten...

Economy

Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash. Per an Alfa-bank press...

Economy

AfreecaTV BJ (broadcast jockeys) stars have become the latest targets of increasingly sophisticated South Korean crypto scammers. Asia Kyungjae reported that the Seoul Central...

News

President Joe Biden is 81 years old, setting a record as the oldest president in history. The following is a list of celebrities who...

News

President Joe Biden is 81 years old, setting a record as the oldest president in history. The following is a list of celebrities who...

You May Also Like

Financial Advisors

[#item_full_content]

Financial Advisors

[#item_full_content]

Financial Advisors

The humongous outbreak of the dreaded coronavirus has brought about a groundbreaking change in what the world perceived as ‘normal’. With an estimated 280,391,189...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Respect Investment. All Rights Reserved.