WEB3
by BSCN
August 28, 2023
Ben Armstrong has faced criticism in the past for promoting risky investments through affiliate links, as well as allegations of selling tokens after endorsing them to his audience.
Ben Armstrong, the prominent figure behind BitBoy Crypto, has reportedly departed from the company, leaving the community pondering the reasons behind this unexpected move.
Founder of Bitcoin Jason A. Williams revealed the departure with a screenshot on Twitter, stating that Armstrong's departure is effective immediately from "Hit Network/BJ Investment Holdings and all its subsidiaries, including BitBoy Crypto and Round The Blockchain."
Armstrong himself confirmed this surprising development on his personal Twitter account, joinBENCoin, acknowledging the internal struggles within his company while expressing confidence in maintaining control despite his departure.
The exact reasons behind Armstrong's sudden exit remain shrouded in mystery, triggering a range of speculations. Crypto scam investigator ZachXBT suggested a potential link between this move and Armstrong's recent involvement with questionable meme coins.
Meanwhile, Adam Cochran shared a rumor of an upcoming investigation which may have prompted Armstrong's unexpected departure with sarcasm.
Armstrong has faced criticism for endorsing risky investment trading to casual investors through affiliate links, along with allegations that he sold tokens after promoting them to his audience.
Recent controversies include his partnership with the controversial meme coin creator ben.eth, which ended amid accusations of a rug pull. Armstrong's alleged failure to appear in court for a harassment allegation further added to his tumultuous image.
There have also been questions about Armstrong's digital currency, BEN. While some speculated its downfall, Armstrong quickly dismissed such possibilities in response to a query, hinting at his continued involvement in crypto ventures despite his exit from BitBoy Crypto.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
Latest News
December 12, 2024
Binance Labs' New Investment: What is Perena?
December 12, 2024
Arbitrum Foundation and Ubisoft Team Up to Launch Netflix Series-Inspired Web3 Shooter Game
December 12, 2024
Brian Quintenz Emerges as Front-Runner for CFTC Chair Role Under Trump
December 11, 2024
Circle and Binance Form Strategic Partnership to Drive Global Adoption of USDC
December 11, 2024
Coinbase Institutional Integrates Chainlink into Project Diamond for Secure Tokenized Asset Management
December 11, 2024
Ripple's RLUSD Stablecoin Receives NYDFS Approval, Launch Imminent
December 10, 2024
Baby Doge Coin Hits All-Time High, Surpasses $1B Market Cap
December 10, 2024
Floki Launches Crypto Debit Card in 31 European Countries with Mastercard Partnership