Immerse yourself in the dynamic world of BitBoy, a major crypto influencer. From his explosive rise on twitter to dramatic controversies, discover the story behind his fame and the challenges that followed.
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Who is Bitboy crypto?
Ben Armstrong, popularly known as BitBoy crypto, is a prominent figure in the digital currency space, famous for his engaging YouTube videos and social media presence. Born on October 27, 1982 in the United States, Armstrong currently resides in Atlanta, Georgia. His educational background includes a bachelor's degree in ministry leadership from Toccoa Falls College, earned in 2012. In addition, he also attended Kennesaw State University.
Armstrong was married to Bethany Armstrong and the couple was together for approximately 8 to 9 years. Their relationship evolved from friendship to romance and finally to marriage. Although the exact date of their wedding is not public. Bethany is known to have a keen interest in reading books and novels, a hobby she often shares on her instagram account.
BitBoy crypto (Ben Armstrong) is currently going through a divorce, announced in October 2023. He revealed an affair with Cassandra Wolfe, @DuchessOfDeFi on twitter, who previously worked at BitBoy crypto. Wolfe is now associated with BEN Coin Collective, established by Armstrong after his departure from BitBoy crypto. Armstrong publicly acknowledged and expressed his regret over the matter, apologizing to his family.
What happened to BitBoy crypto? A cautionary tale in the crypto world
The world of cryptocurrencies, often hailed for its innovation and dynamic nature, is no stranger to dramatic twists and turns. The recent downfall of Ben Armstrong, popularly known as BitBoy crypto, epitomizes such a dramatic change.
This article delves into the complex series of events that led to Armstrong's downfall, shedding light on the complexities of the crypto content creation space and the personal struggles that often go unnoticed behind the scenes.
Early beginnings and a partnership forged
The BitBoy crypto story began with promise and potential. Ben Armstrong and TJ Shedd, who would later become the CEO of BitBoy crypto, crossed paths in 2018. They found common ground in their passion for creating crypto content and shared aspirations in the then-nascent field. A bond over shared interests, including being Atlanta Falcons fans, cemented their relationship. This led to a partnership that would soon make waves in the cryptocurrency world.
<img class="aligncenter wp-image-126124 size-full br-lazy" src="https://technicalterrence.com/wp-content/uploads/2023/11/1700334748_452_The-Rise-and-Fall-of-a-Cryptocurrency-Mogul-Full-Timeline.jpg" decoding="async" alt="An image of Bitboy crypto and TJ Shedd in their early days” width=”451″ height=”413″ data-brsrcset=”https://technicalterrence.com/wp-content/uploads/2023/11/1700334748_452_The-Rise-and-Fall-of-a-Cryptocurrency-Mogul-Full-Timeline.jpg 451w, https://nftevening.com/wp-content/uploads/2023/11/Bitlab-Academy-2-300×275.jpg 300w, https://nftevening.com/wp-content/uploads/2023/11/Bitlab-Academy-2-61×56.jpg 61w, https://nftevening.com/wp-content/uploads/2023/11/Bitlab-Academy-2-150×137.jpg 150w” data-brsizes=”(max-width: 451px) 100vw, 451px”/>
By 2020, Armstrong's BitBoy crypto had gained significant traction, thanks in part to Shedd's involvement. Together, they transformed what was initially just a YouTube channel into a thriving business. The 2021 bull run marked a high point for BitBoy crypto. The channel's subscriber count skyrocketed and its influence in the crypto space peaked during this time.
Despite the success, problems were brewing beneath the surface. Allegations of substance abuse, embezzlement, and mistreatment of employees began to surface. Armstrong's behavior reportedly became erratic, marked by instances of aggression and questionable decision-making. This behavior was due in part to substance abuse, including steroids and other drugs. This was said to exacerbate his anger problems and lead to “roid rage.”
The legal and emotional consequences
The situation reached a turning point when BJ Investment Holdings, Hit Network's parent company, legally expelled Armstrong from the company. The decision was prompted by a combination of Armstrong's alleged substance abuse, financial mismanagement, and deteriorating behavior toward employees and partners. This move sparked a wave of controversy and public speculation, with Armstrong and his associates trading accusations and legal threats.
The rift between Armstrong and Shedd deepened, with Armstrong accusing Shedd of betrayal and Shedd mourning the loss of what he once considered a brotherly relationship. The legal battles and public fallout painted a picture of a partnership that had once been built on mutual respect and ambition, now torn apart by personal demons and professional disagreements.
A serious blow to BitBoy's image as a family man came with the revelation of an affair. This personal scandal, while receiving a mixed response from the public, underscored the intense scrutiny public figures face in the digital age.
Bitboy crypto in 2023: Ben Armstrong's final fall
Throughout 2023, BitBoy crypto has been embroiled in several controversies and legal disputes, leading to significant changes in his career and the BitBoy crypto brand. Here is a timeline of key events:
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Lamborghini lawsuit and extortion accusations:
- In 2023, Armstrong filed a lawsuit against his former colleagues, including Timothy Shedd Jr. (CEO of Hit Network), Timothy Shedd Sr. (CFO of Hit Network), and others. He accused them of stealing his Lamborghini and engaging in extortion activities. Armstrong claimed that she was forced to transfer the title to his Lamborghini under threat of violence and that his twitter account was used to harass and intimidate him.
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Fundraising for legal battle:
- Armstrong raised around $150,000 in cryptocurrency from his fans to sue the parent company that removed him from the BitBoy crypto brand. This sum was raised in just three days after he requested funds for his legal defense.
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Dismissal notice:
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Controversies and legal issues:
- Armstrong's departure was mired in controversy, including his involvement with a meme coin (BEN token) and accusations of dumping his holdings despite promising to block them. This led to speculation about his intentions and criticism of him from the crypto community.
- He was also criticized for providing investment advice without proper training and was named as a defendant in a billion-dollar lawsuit against influencers promoting FTX.
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Alleged internal struggle:
- Armstrong claimed there was an “attempted coup” within the company and named TJ Shedd and Justin Williams as those trying to overthrow him. This added to the internal conflicts within BitBoy crypto and Hit Network.
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Plans to relocate businesses:
- Amid growing legal problems and regulatory pressures in the United States, Armstrong announced plans to move his business from the United States to Dubai. However, it was not confirmed whether the companies behind BitBoy crypto would continue with this plan after cutting ties with Armstrong.
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Relaunch as Discover crypto:
- Following the separation from Armstrong, BitBoy crypto was renamed Discover crypto. Led by a new roster of talent, the channel aims to focus on the bitcoin, cryptocurrency and blockchain ecosystem, offering in-depth analysis and educational content. TJ Shedd, CEO of Discover crypto, expressed confidence in the new direction. He stated that the rebrand is more than just a name change, but a commitment to moving the industry forward.
<img class="wp-image-126123 size-full br-lazy" src="https://technicalterrence.com/wp-content/uploads/2023/11/The-Rise-and-Fall-of-a-Cryptocurrency-Mogul-Full-Timeline.png" decoding="async" aria-describedby="caption-attachment-126123" alt="Ben Armstrong shared a post promoting himself as Napoleon, an implication that he would be crypto's savior with his Discover crypto project.” width=”675″ height=”870″ data-brsrcset=”https://technicalterrence.com/wp-content/uploads/2023/11/The-Rise-and-Fall-of-a-Cryptocurrency-Mogul-Full-Timeline.png 675w, https://nftevening.com/wp-content/uploads/2023/11/F9YSyq8WQAAEBha-233×300.png 233w, https://nftevening.com/wp-content/uploads/2023/11/F9YSyq8WQAAEBha-43×56.png 43w, https://nftevening.com/wp-content/uploads/2023/11/F9YSyq8WQAAEBha-150×193.png 150w, https://nftevening.com/wp-content/uploads/2023/11/F9YSyq8WQAAEBha-450×580.png 450w” data-brsizes=”(max-width: 675px) 100vw, 675px”/>
Ben Armstrong shared twitter.com/BenArmstrongsX/status/1717581303720165416″ data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>a publication in November 2023promoting himself as Napoleon, an implication that he would be the savior of crypto with his Discover crypto project.
- Following the separation from Armstrong, BitBoy crypto was renamed Discover crypto. Led by a new roster of talent, the channel aims to focus on the bitcoin, cryptocurrency and blockchain ecosystem, offering in-depth analysis and educational content. TJ Shedd, CEO of Discover crypto, expressed confidence in the new direction. He stated that the rebrand is more than just a name change, but a commitment to moving the industry forward.
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Is Bitboy crypto in Jail?
- BitBoy crypto is not currently in jail. However, he was arrested and released on bail in 2023. The arrest occurred during the last few hours after an apparent confrontation with his former business partner. Armstrong faced charges of “loitering/loitering” and “simple assault by putting another person in fear,” with bond set at $2,600. This incident is part of a series of controversies and legal challenges that Armstrong has faced over the past year.
The series of events in 2023 paints a tumultuous picture for Armstrong and the BitBoy crypto brand. This means a significant change in both his personal career and the direction of the brand in the world of cryptocurrencies.
Financial speculation and the future
The financial aspect of BitBoy's career remains shrouded in speculation. Rumors about bad investments and financial mismanagement of companies added another layer to the already complex narrative. BitBoy's future, as a brand and as an individual influencer, remains uncertain in the volatile world of cryptocurrencies.
Bitboy Current Net Worth
BitBoy crypto has a net worth ranging between $20 and $30 million as of 2023. This significant accumulation of wealth is attributed to his successful career as a cryptocurrency influencer and his early investments in the cryptocurrency sphere. Various sources provide slightly different estimates, but they fall roughly in the above range.
This reflects their influence and earnings in the dynamic world of cryptocurrencies. His financial journey in the crypto space, along with his content creation and strategic collaborations, has led to this significant accumulation of wealth.
How Much Money Did Bitboy crypto Really Lost? Well, it's hard to say, but earlier this year, he is said to have lost over $700,000 in a cryptocurrency hack.
Conclusion
In conclusion, the increase and twitter.com/BenArmstrongsX” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>BitBoy crypto crash they reflect both the potential and dangers of the crypto world. As the community moves forward, it is essential to remember the lessons learned from this saga. This ensures a more sustainable and responsible future for crypto content creation.
BitBoy's story is a testament to the rapid and often unpredictable nature of fame in the digital age. Especially in the volatile world of cryptocurrencies. His journey from modest influencer to controversial figure sums up the ups and downs of internet fame.
As the crypto community continues to evolve, BitBoy's story serves as a reminder of the delicate balance between influence, responsibility, and the ever-watchful eye of both the public and regulatory bodies. What do you think about BitBoy's journey and the controversies surrounding it? Share your thoughts in the comments below.
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