Armstrong is adamant that Bitboy Crypto and Hit Network’s “rebellion” “won’t work” because they “don’t have the leverage.”
Ben Armstrong – the face of the Bitboy script – was a scandalous figure in the industry. As the parent company of Hit Network, which controls the brand “Bitboy Crypto”, it has been speculated for various reasons, from accepting high-risk investments to accusations of token dumping after promoting them to millions of followers, as well as sketchy use. self-coins severed ties with Armstrong.
However, the brand said that Armstrong’s “long-term effort” to help Armstrong recover from drug addiction and come to terms with the alleged emotional, physical and financial damage to Hit Network staff and the Bitboy Crypto community is the reason for his departure. .
Bitboy Crypto part ways with Ben Armstrong
Bitboy told X (formerly Twitter) that BJ Investment Holdings, which happens to be the parent company of Hit Network, has taken decisive legal action to remove Armstrong. However, the company did not provide detailed information about the events that could have led to the end of their business relationship.
“Hit Network’s parent company, BJ Investment Holdings, took the decisive legal step yesterday to remove Ben Armstrong from the company, and specifically the Bitboy Crypto brand. BitSquad deserves better and we will get through this together. We wish him all the best and apologize that this happened and hope for the future of Bitboy Crypto.
While some members of the community have expressed their fear about the future of the “Bitboy Crypto” brand in the absence of its president, others have a different perspective.
Armstrong’s reputation was not very positive either. He even publicly defied the authority of a federal judge by failing to appear in court and boasted of his decision to skip the hearing by posting a photo of himself on the beach online, saying, “Don’t worry.” He was later referred to the Federal Bureau of Investigation (FBI) for promoting the now-defunct crypto exchange FTX.
Answer
Despite the Bitboy crypto drama, Armstrong seems to be optimistic about his company, but not before criticizing TJ Shedd and Justin Williams for an alleged takeover attempt of his company. Here’s what he had to say about the incident,
“Just confirming what’s going on. It’s true. BitBoy Crypto and Hit Network are rioting. But it doesn’t work. They have no reinforcement. As long as they can’t clone me, I’ll be fine.”
The fate of Armstrong-backed crypto BEN has lost more than 43% due to increased scrutiny and speculation.