The controlling entity behind the “BitBoy Crypto” brand, Hit Network, has severed its association with its prominent figure Ben Armstrong, attributing to concerns related to substance abuse and the financial harm inflicted upon its employees.
Prominent within the cryptocurrency community, Ben Armstrong, popularly known as BitBoy Crypto, has been kicked out of his own brand in the wake of an internal power struggle.
The suddenness of this move has caught the crypto community off guard, leaving many to ponder the reasons behind Armstrong’s removal and the potential ramifications for the BitBoy Crypto brand and its associated projects.
Internal Power Struggle Leads to a Surprising Removal
Armstrong’s termination was confirmed through his personal BEN Coin community account, following what he described as an “internal coup” led by TJ Shedd and Justin Williams.
Despite Armstrong’s prior assurance that he had nothing to worry about, this raised questions about the internal dynamics within the company and the motivations driving this sudden change.
Speculations Abound
The absence of a detailed explanation has fueled speculations about the causes behind Armstrong’s departure.
He has faced criticism for endorsing and subsequently selling tokens, leading to accusations of misleading his audiences. These controversies, along with his involvement with contentious meme coins like BEN coin, might have prompted a strategic decision to distance himself from potential liabilities.
This has cast a spotlight on his connection to ben.eth, the coin creator of BEN, and has been met with skepticism and accusations of rugpulling. But throughout recent episodes, Armstrong has emphatically reiterated many times on his show that they are no longer connected with the creator in any capacity.
Furthermore, references to ongoing investigations have emerged, suggesting that Armstrong’s departure might be linked to legal or regulatory concerns. Armstrong himself denied any such connection, but the lingering uncertainty adds to the intrigue surrounding his exit.
Mixed Reactions from the Cryptocurrency Community
The cryptocurrency community’s response to Armstrong’s departure has been mixed. However, many expressed support for him and concern about the future of the BitBoy Crypto brand without its recognizable face. The uncertainty surrounding the brand’s direction and the potential impact on its more than 1.45 million followers remains a topic of discussion.
Final Thoughts
As the crypto space navigates these changes, the lack of communication from the brand leaves room for further speculation about the company’s future plans and its response to Armstrong’s termination.
In the end, it has exposed a complex web of controversies, speculations, and potential legal implications. The crypto community watches with keen interest as events unfold, waiting for official statements and further developments to shed light on the enigmatic circumstances surrounding Armstrong’s exit and the future of the BitBoy Crypto brand.
Rickie Sanchez is an article writer specializing in cryptocurrency news. Since late 2017, he has been actively investing in cryptocurrencies. He is enthusiastic about everything that has to do with crypto and he hopes that the readers of his articles in the years to come will gain a massive understanding of blockchain technology.
