July 10, 2024
Class Action Lawsuit and Controversy Surround Ben Armstrong's Exit from BitBoy Crypto
Latest Cryptocurrency News

Class Action Lawsuit and Controversy Surround Ben Armstrong’s Exit from BitBoy Crypto

Ben Armstrong is no longer associated with BitBoy Crypto.

On August 28th, the business acknowledged on Twitter that it had fired the well-known cryptocurrency promoter.

The business cited “difficult” justifications, which included damaging accusations about Armstrong that have not yet been proven by the influencer himself.

Hit Network is a creator-driven media network, according to its website. It collaborates with numerous firms to offer entertainment and education in the areas of entrepreneurship, gaming, music, sports, and cryptocurrencies.

According to their official website, BitBoy Crypto is not only the most well-known brand under the Hit Network umbrella, but also one of the top brands overall.

On a YouTube livestream this morning, Hit Network CEO TJ Shedd addressed the firing.

The dismissal, he continued, is also intended to “help reconcile the emotional, physical, and financial damage [Armstrong] has done to the employees of Hit Network and the Bitboy Crypto community.”

Armstrong is credited with writing a response to the news on the BenCoin Twitter account today, but it’s not yet clear whether the influencer actually wrote the article.

“This is Ben. TJ Shedd & Justin Williams have attempted a coup at my company,” the BenCoin account tweeted. “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 cryptocurrency community responded to the news in a flurry of conflicted ways on various social media channels.

Many people in the chat this morning during the YouTube livestream were upset that Armstrong had been sacked by the business. Many of the commentators asked for the host’s return or flat-out demanded it.

Reddit generated some buzz as well because of a post titled “End Of An Era? – Ben Armstrong.” Redditors, however, greeted it with jubilation and joy.

One user questioned, “What took so long?”

In addition to several other famous people, Armstrong is currently involved in a class action lawsuit for allegedly endorsing the now-defunct cryptocurrency exchange FTX. Armstrong was charged with harassment after the lawsuit was filed, according to the plaintiffs’ lawyer, who said Armstrong sent and received “daily violent threats” over email and phone.

Image: Pexels

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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