{"id":353197,"date":"2023-08-28T08:18:36","date_gmt":"2023-08-28T07:18:36","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=353197"},"modified":"2023-08-29T08:03:21","modified_gmt":"2023-08-29T07:03:21","slug":"bitboy-removes-host-ben-armstrong-amid-meme-coin-controversy-reports","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitboy-removes-host-ben-armstrong-amid-meme-coin-controversy-reports\/","title":{"rendered":"BitBoy removes host Ben Armstrong amid meme coin controversy &#8211; reports"},"content":{"rendered":"<p>Ben Armstrong, the influential figure behind BitBoy Crypto, has reportedly left the company, leaving the crypto community in speculation.<\/p>\n<p>According to a <a href=\"https:\/\/twitter.com\/GoingParabolic\/status\/1695975143296696635?s=20\">screenshot<\/a> shared by Bitcoin author Jason A. Williams on X, Armstrong's exit from &#8220;Hit Network\/BJ Investment Holdings and all its subsidiary brands, including BitBoy Crypto and Around The Blockchain,&#8221; is effective immediately.<\/p>\n<p>Armstrong himself confirmed the unexpected development on his personal X account, <a href=\"https:\/\/twitter.com\/joinBENCoin\/status\/1695903547278201124?s=20\">joinBENCoin<\/a>, stating,<\/p>\n<blockquote><p>&#8220;TJ Shedd & Justin Williams have attempted a coup at my company\u2026 There has been a mutiny at BitBoy Crypto & Hit Network. But it won't work. They have no leverage.&#8221;<\/p><\/blockquote>\n<p>This statement acknowledges the internal conflict within his company but suggests confidence in retaining control despite his departure.<\/p>\n<p>The reasons behind Armstrong's exit remain unclear, fueling an array of conjectures. Crypto scam investigator ZachXBT <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1695916537817841751?s=20\">questioned<\/a> whether this sudden move connected with Armstrong's recent engagement with several &#8216;sketchy' meme coins. However, a concrete correlation between the two events is yet to be established.<\/p>\n<p>Armstrong has faced a wealth of criticism for advocating <a href=\"https:\/\/cryptoslate.com\/a-new-class-action-lawsuit-targets-youtube-influencers-for-promoting-ftx\/\">risky<\/a> investments trading to casual investors through affiliate links, along with <a href=\"https:\/\/cryptoslate.com\/bitboy-dumps-eponymous-crypto-tokens-after-promising-not-to-sell\/\">claims<\/a> he sold tokens after promoting them to viewers.<\/p>\n<p>In this whirlwind of changes, the fate of Armstrong's digital currency, BEN, also came under scrutiny. Though some followers speculated its downfall, Armstrong, responding to a query in a post, quickly dismissed any such possibilities. The assertion hints at his continued involvement in crypto ventures despite his exit from BitBoy Crypto.<\/p>\n<p>Rumors of a potential investigation involving Armstrong have further stirred the pot.\u00a0<a href=\"https:\/\/twitter.com\/adamscochran\/status\/1405614407\">Adam Cochran<\/a> shared his anticipation for Armstrong's departure with sarcasm, citing a rumor of an impending investigation that might have triggered the sudden move.<\/p>\n<p>While Armstrong's departure has certainly sent ripples through the crypto community, the actual impact on BitBoy Crypto and BEN is yet to be seen.<\/p>\n<p>The official BitBoy X account has released a formal <a href=\"https:\/\/twitter.com\/Bitboy_Crypto\/status\/1696184572478738921?s=20\">statement<\/a> stating that Armstrong was removed due to issues with &#8220;substance abuse&#8221; and &#8220;emotional, physical and financial damage he has done to the employees of Hit network & the Bitboy Crypto community.&#8221;\u00a0 The post replaced a promotional post for the crypto betting platform stake.com as its pinned post.<\/p>\n<p><em>Updated Aug. 29 following the official statement.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ben Armstrong, the influential figure behind BitBoy Crypto, has reportedly left the company, leaving the crypto community in speculation. According to a screenshot shared by Bitcoin author Jason A. Williams on X, Armstrong&#8217;s exit from &#8220;Hit Network\/BJ Investment Holdings and all its subsidiary brands, including BitBoy Crypto and Around The Blockchain,&#8221; is effective immediately. Armstrong [&hellip;]<\/p>\n","protected":false},"author":1264,"featured_media":353210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,38],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitBoy removes host Ben Armstrong amid meme coin controversy - reports<\/title>\n<meta name=\"description\" content=\"Armstrong leaves BitBoy Crypto amidst swirling rumors and meme coin scandal.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitboy-removes-host-ben-armstrong-amid-meme-coin-controversy-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitBoy removes host Ben Armstrong amid meme coin controversy - reports\" \/>\n<meta property=\"og:description\" content=\"Armstrong leaves BitBoy Crypto amidst swirling rumors and meme coin scandal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitboy-removes-host-ben-armstrong-amid-meme-coin-controversy-reports\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-28T07:18:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T07:03:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/bitboy-crypto-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam &#039;Akiba&#039; 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