- Ben Armstrong, founder of BitBoy Crypto, has been ousted from his company in what’s described as an “internal coup” led by TJ Shedd and Justin Williams.
- Armstrong had recently faced controversies, including engagement with questionable meme coins and allegations of substance abuse, leading to speculation about the reasons for his departure.
- Despite the exit and a significant drop in the price of his digital currency, BEN, Armstrong indicates he remains committed to his crypto ventures.
Prominent cryptocurrency influencer Ben Armstrong confirmed his sudden departure from BitBoy Crypto on his joinBENCoin account, and this was first brought to light by Bitcoin blogger Jason A. Williams. The announcement shocked followers, leaving them with a bevy of unanswered questions and speculations. Armstrong was removed by internal decision-makers TJ Shedd and Justin Williams in what has been described as an “internal coup.” Armstrong had earlier stated, “Until they can clone me, I have nothing to worry about,” but it appears he had more to worry about than he realized.
In an official statement, the parent company BJ Investment Holdings announced, “Effective immediately, Ben Armstrong will no longer be working with Hit Network/BJ Investment Holdings and all subsidiary brands including but not limited to BitBoy Crypto and Around The Blockchain.” The statement adds that the decision wasn’t easy but was deemed “the only path forward.”
Controversies and Speculations
While Armstrong’s exit has been a seismic event in the crypto community, it didn’t occur in a vacuum. He had recently faced criticism for engaging with questionable meme coins and for allegedly selling tokens after endorsing them. These activities led crypto scam investigator ZachXBT to question whether Armstrong’s removal was related to “his recent involvement with all of these sketchy meme coins.”
Adding another layer to the saga, Twitter user Robbin Pilliams mentioned that Armstrong’s departure might be related to an ongoing investigation in Denver. Armstrong, however, refuted this connection, stating, “Ben hasn’t done anything in Denver.”
Moreover, Armstrong’s removal from YouTube and his company has also been connected to allegations of substance abuse and financial damage to employees. BJ Investment Holdings stated that their decision was a “culmination of a prolonged effort to help Ben during his relapse into substance abuse as well as reconcile the emotional, physical, and financial damage he has done to the employees of Hit network & the Bitboy Crypto community.”
What Does the Future Hold for Ben Armstrong and BitBoy Crypto?
The immediate aftermath of Armstrong’s departure has seen a -41.37% drop in the price of his digital currency, BEN, although it remains actively traded. Armstrong himself dismissed any doubts about the coin’s future, replying with a simple “Nope” when a user questioned its viability. As of now, Armstrong appears to be focused on maintaining his crypto ventures, despite the cloud of uncertainty surrounding his sudden exit.
The fallout from Armstrong’s removal extends beyond him; it’s likely to have ripple effects on BitBoy Crypto, the community, and possibly even the broader crypto ecosystem. While Armstrong has remained silent since the news broke, an account claiming to be his said, “This is Ben. TJ Shedd & Justin Williams have attempted a coup at my company. Just confirming what is going around. It’s true. There has been a mutiny at BitBoy Crypto & Hit Network. But it won’t work. They have no leverage. Until they can clone me, I have nothing to worry about.”
The cryptic statement suggests that this story is far from over, and given the murky details and allegations on multiple fronts, it is a situation worth keeping an eye on. As it stands, the saga of Ben Armstrong’s departure from BitBoy Crypto is an unfolding drama with a plot thick enough to rival any Netflix thriller.