BitBoy Crypto brand will no longer include YouTuber Ben Armstrong

The crypto influencer brand had a reach of over 3.3 million followers at the time the company announced that Ben Armstrong would not would no longer be affiliated with “BitBoy”. Crypto."

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Hit Network's parent company, which controls the 'BitBoy Crypto' brand, has severed ties with its public face, Ben Armstrong, citing issues with drug addiction and financial harm to employees.

In an Aug. 28 announcement on YouTube and social media, a spokesperson said the company made its decision following efforts to help Armstrong "during his relapse into drug addiction," expressing regret for the end of the business relationship. The company claimed that Armstrong inflicted "emotional, physical and financial harm" to Hit employees and others in the space.

Yesterday, BJ Investment Holdings, the parent company of the Hit network, filed a landmark lawsuit to remove Ben Armstrong from the company, and more particularly from Bitboy Crypto. brand. https://t.co/e0kYLKUZ4r

— Bitboy Crypto (@Bitboy_Crypto) August 28, 2023

The announcement did not give details of any incidents that may have led to the end of the business relationship with Armstrong. The crypto YouTuber had been embroiled in a class action lawsuit in which investors claimed Armstrong and other influencers allegedly promoted FTX without disclosing the exchange's compensation.

Amid the trial, court documents suggest Armstrong made threats against attorneys representing the plaintiffs and openly flouted the authority of a federal judge by failing to appear in court as ordered. The case was suspended on June 16.

Using his platform with over a million followers...