BitBoy Crypto brand will no longer include YouTuber Ben Armstrong
The parent of Hit Network, which controls the “BitBoy Crypto" brand, has cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and financial damage to employees.
In an Aug. 28 announcement on YouTube and social media channels, a spokesperson said the company had reached its decision following efforts to assist Armstrong “during his relapse into substance abuse,” expressing regret for the end of the business relationship. The firm claimed Armstrong had inflicted “emotional, physical and financial damage” on Hit employees and others in the space.
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
The announcement did not elaborate on any incidents that may have led to the end of the business relationship with Armstrong. The crypto YouTuber had been involved in a class-action lawsuit in which investors claimed Armstrong and other influencers allegedly promoted FTX without revealing compensation from the exchange.
Amid the lawsuit, court filings suggested Armstrong issued threats against lawyers representing the plaintiffs and openly mocked a federal judge’s authority by not appearing in court as ordered. The case was stayed on June 16.
Using his platform with more than 1 million followers on X (formerly Twitter) and YouTube subscribers, Armstrong insulted high-profile figures, including European Central Bank President Christine Lagarde and United States Securities and Exchange Commission Chair Gary Gensler. In August 2022, he filed a defamation suit against YouTuber Erling Mengshoel Jr., also known as "Atozy," but dropped the case after
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