The rumor mill in the crypto world is abuzz with claims that Ben Armstrong, known for his influential role in BitBoy Crypto, has parted ways with the brand. Some of the most prominent names in crypto, such as Jason A. Williams and Ran Neuner, have fueled speculation by sharing a statement from Around The Blockchain, that Armstrong will no longer be working with Hit Network/BJ Holdings and all subsidiary brands including BitBoy Crypto.
A well-known crypto vlogger and Armstrong’s close acquaintance, Wendy O, has confirmed these rumors to her considerable following of 194,000 subscribers. She referenced a tweet allegedly linked to Armstrong attesting to a coup attempt at his company and confidently dismissed the mutiny, claiming they had no leverage.
However, Armstrong has been subject to controversy in recent times. He ended a partnership with ben.eth, creator of a criticized meme coin, following accusations of a ‘rug pull.’ Even before this, he was said to be facing a possible arrest warrant for failure to appear in court.
This was related to a case launched by Adam Moskowitz, a lawyer acting on behalf of investors suing various celebrities, including Armstrong, who endorsed the now-insolvent crypto exchange FTX. The suit claims that these endorsements were not transparent about compensation received. Moskowitz also launched a separate lawsuit accusing Armstrong of harassment through continuous calls, tweets, emails, and, public insults and threats via YouTube and other social media platforms.