Popular crypto influencer BitBoy, also known as Ben Armstrong, is facing challenges after being ousted from the company he founded, Hit Network. Armstrong claims he was unlawfully pushed out by the company's CEO and his father, resulting in a loss of control and legal battles. He alleges threats, extortion, and public humiliation, prompting him to seek financial support from his followers for his legal fight.
However, the crypto community's response has been mixed. Some have generously donated to his cause, amassing nearly $57,000 in his Ethereum wallet, while others question the legitimacy of his claims, citing his display of luxury items. Debates have ignited about the ethics of influencers seeking financial assistance, but the incident has also raised broader concerns about trust in the crypto community, given its decentralized and anonymous nature.
Additionally, the cryptocurrency associated with Armstrong, BEN, experienced a significant price drop amid the controversy.