Ben Armstrong, identified within the cryptocurrency world as Bitboy, has introduced the cessation of his each day stay stream.
Armstrong’s resolution comes amid a flurry of private and authorized challenges, together with a major monetary pressure as a result of manufacturing prices of his reveals and mounting authorized bills.
In an emotional video on his YouTube channel, Armstrong revealed that his each day crypto development reveals value $25,000 every week to supply, making them financially unsustainable. He additionally talked about that his authorized bills quantity to roughly $100,000 month-to-month.
The influencer, who as soon as commanded a big following for his crypto insights and predictions, finds himself at a crossroads, grappling with the fallout from varied controversies and authorized battles.
“Attorneys are attacking me from each route, and presently, everybody I do know is focusing on me,” Armstrong stated within the 10-minute video, which had attracted 18,000 views by late Jan. 31, sharing that they’re barely surviving.
Armstrong’s journey into the crypto highlight started together with his Bitboy vlog, the place he provided worth predictions and crypto information, shortly amassing a big following. His foray into creating his personal cryptocurrency, $BEN coin, marked a excessive level in his profession.
Nevertheless, the enterprise quickly turned bitter as Armstrong confronted critical allegations, resulting in his ousting from the BitBoy brand and subsequent authorized disputes.
His surprising sale of BEN tokens for a major sum, regardless of earlier commitments to carry them, raised eyebrows and led to accusations of market manipulation. This incident, coupled together with his involvement in a fraudulent FTX case and a high-profile Twitter hack, has painted an image of a determine embroiled in controversy.
Armstrong’s authorized woes are compounded by his battle with Hit Community, which has drained his funds and prompted him to hunt donations from the crypto community. This transfer, nevertheless, has sparked outrage, particularly given Armstrong’s show of wealth prior to now.
Critics argue that the funds might be higher used to help extra urgent causes, highlighting a disconnect between Armstrong’s plea for help and his earlier life-style.
As Armstrong steps again from his each day livestream, his story is a cautionary story concerning the pitfalls of fame and the risky nature of the crypto world, the place fortunes can flip as shortly because the market itself.