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BlockNews
Home CRYPTO

Ben Armstrong, Formally Bitboy, Ends Daily Stream After Legal and Financial Woes

Gary Ponce by Gary Ponce
February 1, 2024
in CRYPTO, MEDIA
Reading Time: 2 mins read
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  • Ben Armstrong, known as “Bitboy,” gained fame in 2018 for his fast-talking crypto videos but later created a cryptocurrency that failed.
  • Armstrong faced scandals, lawsuits, and financial troubles, losing $25k a week on his show and spending $100k a month in legal fees.
  • After 3 drama-filled years, Armstrong ended his once-popular crypto livestream show, demonstrating the fickleness of internet fame.

Ben Armstrong, once known as the brash “Bitboy” crypto vlogger, announced he is ending his popular daily livestream show after 3 years due to financial struggles and legal issues.

A Sudden Rise to Crypto Fame

Armstrong first gained fame in 2018 for his fast-talking crypto prediction and news videos that garnered tens of thousands of views. His bombastic style attracted a devoted audience seeking trading advice and entertainment.

JUST IN: Ben Armstrong, formally Bitboy Crypto, is ending his daily livestreams after 3 years pic.twitter.com/gaxtPbrT5I

— BlockNews.com (@blocknewsdotcom) February 1, 2024

The Creation and Downfall of $BEN Coin

Riding high, Armstrong created his own cryptocurrency called $BEN coin in mid-2023. But shortly after, he was ousted from the BitBoy brand over “serious personal allegations.” This began a downward spiral into legal battles and scandal.

Scandals, Lawsuits and Financial Troubles

In an emotional video, Armstrong cited losing $25,000 a week producing the show and spending $100,000 a month in legal fees. “We’re barely making it out here. Everyone I know is coming after me,” he lamented. His troubles compounded after going through a messy public breakup and arrest.

The Curtain Falls

After 3 drama-filled years, Armstrong decided to pull the plug on his once-popular daily crypto livestream, a casualty of his own poor decisions. The fall of Bitboy demonstrates the fickleness of internet fame.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: $BENBen ArmstrongBitBoy CryptocryptoCryptocurrencies
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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