Legal Trouble for Ben Armstrong

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0xN0nceSenior Member
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#1Feb 16, 2023, 09:46 PM
Ben Armstrong was let go from BJ investment after the management team took legal action against him due to his ongoing struggles with substance abuse. This has really messed up his personal relationships and how he manages things at Bitboy Crypto and Hit Network. They just couldn't keep him on any longer and decided it was best for him to leave so he can get his life back on track.
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ninja_viperFull Member
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#2Feb 17, 2023, 12:43 AM
Well, I think there's more to the story than meets the eye. I got here that what led to his being booted out was due to his possible affiliation with the fallen FTX and for the fact that he has had past unfavorable incidences with the law. According to BJ investment, they believe the best way to help the crypto influencer was to lay him off, citing his inefficiency to work as a result of his relapse into drug abuse. They believe keeping him on would cause substantial damage to not just the employees but the community of Bitboy.
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the_kingHero Member
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#3Feb 17, 2023, 01:59 AM
@348Judah, this is not the first time Ben Armstrong has had trouble with the law for drug abuse, I think Ben Armstrong can no longer separate himself from drugs. Although at this time Ben Armstrong, was dealing with the law for his own actions, many of the people who knew Ben Armstrong, expressed concern for what Ben Armstrong was, Even though there is a lot of news currently circulating BitBoy Crypto has fired him from the BitBoy Crypto company, we hope that in the future the BitBoy Crypto company will run as usual without the presence of Ben Armstrong in their midst. For me, whatever law will be applied to Armstrong, I just hope and pray for the best for Armstrong in dealing with the current cases and laws.
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diamond_2020Legendary
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#4Feb 18, 2023, 05:32 AM
https://twitter.com/joinBENCoin/status/1695903547278201124 "This is Ben. TJ Shedd & Justin Williams have attempted a coup at my company. 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" ___ As always in the traditions of this genre, we will soon see many interesting revelations. Drugs, internal corporate dirt and much more.
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LuckyCoinLegendary
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#5Feb 18, 2023, 10:53 AM
Bitboy has been arrested - and on his own livestream! https://www.coindesk.com/policy/2023/09/26/ben-token-plunges-30-as-crypto-influencer-ben-armstrong-apparently-arrested/ Apparently, he was trying to steal someone's Lamborghini over livestream and then the cops came and they busted him with a gun, a mistress and some drugs too, and drove him away. He can rot. He's worse than scammers. He has defrauded so many people in public and using shitcoins.
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john.cobraHero Member
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#6Feb 18, 2023, 11:29 AM
If nothing else, he became the news of the day, although many people wonder who this man is and why he deserves so much attention. I have read his name a couple of times over the years on the forum, but I never got the impression that he was someone important, but just some "so-called expert" or as they call him, a crypto influencer who of course has his own token. Is Ben perhaps related to the much more famous Brian Armstrong (Coinbase CEO)? Probably not, but it seems that the Armstrongs are very fond of cryptocurrencies and luxurious living
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LuckyCoinLegendary
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#7Feb 18, 2023, 02:33 PM
Nah, this is about the guy ben.eth, the scammer who makes pumps and dumps and scams his own followers on livestream. And for a while was somehow getting sponsorship from Stake. I'm pretty sure Brian Armstrong is rich enough to never have to scam anyone in public
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vault_gasFull Member
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#8Feb 18, 2023, 08:52 PM
I also came across this name many times while browsing topics in the altcoins board, and I never thought it was this important and influential until I read about the news of his expulsion from Bitboy Crypto and Hit Network. I cannot imagine how someone who was so addicted to drugs was able to direct the masses in this way and convince major companies to hire him. In general, whether the reason for expulsion was excessive addiction or involvement in a suspicious relationship with the FTX exchange, this person deserves the expulsion and suspension that led to his situation. At least he will pay a price (even if a little) for the losses he caused to investors because of his chitcoins.
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diamond_2020Legendary
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#9Feb 18, 2023, 10:16 PM
The experience of the managers of the FTX exchange shows that drugs do not interfere with managing even a very large business when the crypto market is growing  When the cash flow decreases and winter sets in on the crypto market, a lot of interesting internal corporate stories appear.
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vault_gasFull Member
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#10Feb 19, 2023, 12:45 AM
We do not know what is happening in the inner kitchen of these companies, and the emergence of these stories reflects the deteriorating situation of management, which does not appear to the public except in the form of a tragic ending. At the same time, it is not possible to guess whether mismanagement occurs with the consent of all parties in the administration or whether it is discovered by chance. In either case, it is bad. I believe that it is not in the interest of these companies to make these stories public because of the impact that would have. The FTX exchange may be the most prominent example, but I am sure that there is something more important happening in other companies, and no one knows when these facts may explode.
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orbit100Hero Member
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#11Feb 19, 2023, 05:00 AM
He's been promoting many scams in the past IIRC. It is kinda wild that it took this long until he got arrested, on livestream too. I don't think anyone familiar with the altcoin market thinks he is a good guy. Pump and dump aside his track record is really terrible. I won't be surprised if he paid people to follow or hype him up throughout the years. I heard he has more than 10 million on XRP but still asks for a donation (CMIIW). Hopefully, he'll pay enough to stop him from pulling some tricks when he gets released.
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diamond_2020Legendary
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#12Feb 21, 2023, 02:19 PM
Of course, we don’t know what goes on inside companies, but we have a large practice of pyramids and scams. If a company begins to grow rapidly and is run by a young “genius,” then we understand how it will end. Serious people invest in companies that have been operating in the markets for hundreds of years and are developing well. There are no problems with management. And for the cryptans, the manipulators created a “sandbox” in which 99% of the assets are scams, so that they would play there and not buy the assets of serious companies.
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the_ledgerSenior Member
Posts: 220 · Reputation: 1305
#13Feb 22, 2023, 01:09 PM
It was only a few days before this arrest when bitboy was on social media asking for donations to get his Lamborgini back hehehe. I am not quite certain why people donated money to him. They might be regretting this after watching the live stream. It was head shaking when the police asked him who was in his car. He cannot answer immediately because it was his mistress heheheheheheee! Also, GCR predicted this. I only saw this in social media, I have not confirmed if this is real.
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#14Feb 22, 2023, 04:55 PM
Wonder if there’s any connection to this fool and btalk user “BitBoy” ( https://bitcointalk.org/index.php?action=profile;u=2062  ) who came here to mostly just discuss and create btc symbols back in 2010..which is some interesting btc history. Looking in to similarities, Ben Armstrong apparently owned/owns a graphic design company (seen below). Also this article ( https://cryptoslate.com/people/ben-armstrong/ )  states Ben lost money on Mt Gox as an early btc adopter (despite not starting his shitcoin shill YT account until 2018) which BitBoy user here also discusses “having been one of the initial 500 account members” on Gox, and that he lost access to his account like many others during the hack. Not saying they are one and the same, probably not..but Just found this all kinda interesting (came across all this by accident..long story, so decided to dig in a bit and this is what I found after some quick digging).
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#15Feb 24, 2023, 03:48 PM
I think they did what's right here, the time that one of your workers take illicit substance is the time that you cut them off, it will tarnish your image if you keep them as your employee and there's going to be a lot more issues that's unknown to you right now that will show itself down the line as long as that employee is still on your payroll and is using illegal drugs. I don't think that they should've been vague about the damage that he will do if he was still an employee of that investment company. It's a sad day for someone that's got a really good job and a really fun work but they still had a way of squandering the opportunity and here they are, they end up losing a lot of things.
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