BJ Investments Holdings, the cryptocurrency agency behind the crypto influencer model BitBoy, has ended its partnership with Youtuber Ben Armstrong, shocking many within the crypto neighborhood.
This sudden cut up comes after hints of behind-the-scenes points. The corporate and Armstrong introduced the breakup independently.
Ben Armstrong No Longer Accessible At BitBoy As A Host
The dissolution of this main crypto partnership has ignited dialogue throughout social media and crypto information retailers. Some followers are dissatisfied, whereas others speculate concerning the causes for the breakup since few particulars had been offered.
Yesterday, BJ Funding Holdings, the father or mother firm of Hit community, took decisive authorized motion in eradicating Ben Armstrong from the corporate, and particularly the Bitboy Crypto model. https://t.co/e0kYLKUZ4r
— Bitboy Crypto (@Bitboy_Crypto) August 28, 2023
The influential YouTube channel gained a big viewers for making advanced crypto ideas accessible. Their separation leaves many questioning what tasks are subsequent. BitBoy might pivot to new content material types, and Armstrong will probably proceed his crypto commentary.
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It’s price mentioning that Ben Armstrong beforehand insulted high-profile figures on his YouTube channel and X, boasting greater than 1 million followers. Gary Gensler, Chairman of the US Securities Alternate Fee (SEC), and Christine Lagarde, president of the European Central Financial institution, had been amongst these personalities he mocked.
Notably, the YouTuber had been concerned in a crypto lawsuit the place buyers alleged Armstrong and different Influencers had been continuously selling FTX with out disclosing any compensation from the Alternate.
Authorized Actions In opposition to Ben Armstrong
Through the lawsuit, courtroom submitting elaborated that Armstrong threatened the legal professionals representing plaintiffs to take authorized actions, and he mocked the Federal Decide’s authority by not showing within the courtroom on the day of the courtroom listening to. Therefore, the case stayed pending on 16 June.
Beforehand in August 2022, Armstrong filed a lawsuit towards YouTuber, “Erling Mengshoel Jr.” often known as “Atozy,” claiming that he defamed Armstrong’s citations. However as Erling raised $200,000 for his protection, he dropped.
Many X and YouTube customers reacted with assist for Armstrong following the August 28 announcement, expressing concern with the way forward for the “BitBoy Crypto” model with out its most recognizable face. Armstrong launched his YouTube channel in February 2018, and as of August 2023, the BitBoy Crypto model had a complete social attain of greater than 3.3 million followers.
Featured picture from Pixabay and chart from TradingView.com