BitBoy Crypto Brand Cut Ties with YouTube Influencer Ben Armstrong

The team behind the BitBoy Crypto brand, commonly known as BJ Investment, has cut ties with the renowned crypto influencer Ben Armstrong. On Monday, August 28, the BitBoy Crypto team made it public that Armstrong will no longer work for the brand.

In an X post (formerly Twitter), the BitBoy Crypto group blamed Armstrong for engaging in substance abuse. The BJ team argued that the influencer recent behaviors exposed the employees to the risk of financial losses.

BitBoy Crypto Fires Influencer

The BJ team admitted to have supported Armstrong while recovering from substance abuse.They regretted making the difficult decision to end their partnership with the influencer since he had been supporting the growth of the brand.

For years, Armstrong has been championing for the mainstream adoption of crypto assets through captivating contents. The BitBoy crypto brand is a project owned by a media company known as Hit Network. Under the BJ project, the company has partnered with diverse brands in cryptocurrency, education, entrepreneurship, games, business, and entertainment fields.

 Despite the remarkable contribution made by the influencer, his conduct forced the BJ team to split ways. The BJ group lamented that Amstrong recent action had caused emotional, financial, and physical damages to critical stakeholders, including employees, customers, and the public.

Even though the BJ report failed to mention the many incidents in which Armstrong acted inappropriately, the company regretted ending the relationship with the YouTube influencer. Reportedly, the influencer has been involved in multiple class lawsuits.

Legal Action Against Inappropriate Content

A recent filing demonstrated that Armstrong partnered with other influencers to promote products for the embattled crypto exchange FTX. In the submission, the complainant blamed Armstrong for withholding the compensation report he received from FTX.

During his arraingment, the complainant confirmed to receive threats from the influencer. Armstrong also threatened the lawyers dealing with the case through the phone and email. Besides the potential threat, the YouTuber failed to appear before the court, which is considered a punishable crime.

 A scrutiny of Armstrong’s recent post demonstrated that the influencer posted inappropriate content, which posed a threat to many. The influencer has publicly insulted the Europen Central Bank president, Christine Lagarde, and the US Securities and Exchange Commission (SEC) chair, Gary Gensler.

Besides the insults, his career took a turn after he filed for a defamation lawsuit against Erling Mengshoel, Jr., nicknamed “Atozy.” The case subjected Atozy to settle penalties amounting to over $200,000.

Authority Targeting Fraudulent Promotions

Despite Armstrong’s misconduct, his YouTube followers objected to BJ’s decision to remove him as a partner. In a live streaming event, some of the Armstrong supporters requested the BJ to reconsider the decision to sustain the future of BitBoy Crypto.

The influencer has amassed a large audience on his YouTube channel, which he created in 2018. At present, the channel has attracted over 3.3 million followers across the globe.

Elsewhere, the Reddit users praised the decision made by the BJ team. In a recent Reddit post titled “End of an Era? Ben Armstrong,” the community cheered the BJ move. One of the Reddit users asked the BJ what took so long to cut ties with the influencer.

At the moment, Armstrong has not responded to the announcement conveyed by the BJ team. However the suspension of the partnership between the BJ team and Armstrong came when the US authorities were seeking to stop fraudulent promotions conducted by the crypto influencers.

In May, a nonfungible token influencer faced legal action after engaging in wire fraud. The influencer was accused of adopting a manipulative launch mechanism for the Psyop native token PSYOP.

The susceptible action of the NFT influencer generated over $7 million within 72 hours. The authority demanded the influencer make arrangements with Psyop to refund the customers.

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