Founders being removed from their own companies is not new in the tech industry. From Apple’s Steve Jobs to BitBoy Crypto’s Ben Armstrong, this culture exists irrespective of the reasons behind it. After a couple of months of firing Ben Armstrong from BitBoy Crypto, the brand revamped to “Discover Crypto” by HIT Network and the parent company BJ Investment Holdings.
What happened to the original BitBoy Crypto? Why was Ben Armstrong removed from it? We will answer these questions and cover everything you need to know in the present article.
HIT Network, a team of crypto and Web3 creators, made a significant announcement on October 20, 2023 stating that BitBoy Crypto is dead. It was re-launched as “Discover Crypto” around the same time and runs on the leadership of some of the existing people along with some fresh talent.
After Ben Armstrong parted ways with the brand in August, 2023, the team rebranded the company in an attempt to give it a new shape and size. The current CEO of Discover Crypto, TJ Shedd opines that as the crypto industry matures, so do their channel.
The “Discover Crypto” channel covers everything related to crypto, from macro market analysis to institutional adoption, industry trends, and regulation to serve their 2 million subscribers. The types of video content that you can expect from them include flagship live shows, documentary and vlog-style content for in-depth analysis and latest insights and updates.
Additionally, TJ Shedd expressed confidence that 2024 will be a breakout year for Bitcoin and crypto adoption and they look at the future with optimism, while they continue to serve their global audience and build community.
As the team mentioned, BitBoy Crypto is dead. The actual question that we are supposed to ask is what happened to Ben Armstrong, the face behind BitBoy Crypto.
Ben Armstrong is one of the top crypto YouTube influencers in the industry, delivering crypto content since 2018. He established the brand and made the BitBoy Crypto popular by providing latest news, updates, and project reviews. However, Ben Armstrong was on news multiple times in 2023 for several unacceptable deeds and legal cases.
On August 28, 2023, HIT Network, the Web3 company that controls “BitBoy Crypto” announced that Ben Armstrong was removed from the brand. On the YouTube channel and social media channels, the team announced that they took this decision to assist Ben Armstrong in his relapse into substance abuse. They further stated that he caused physical, emotional, and financial damage to the employees but did not elaborate on the reasons why they had to take this big decision.
Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand. https://t.co/e0kYLKUZ4r
— Bitboy Crypto (@Bitboy_Crypto) August 28, 2023
However, Armstrong responded denying all the allegations and calling the move an “attempted coup” by the HIT network. Not just this, the crypto YouTuber was also involved in a class-action lawsuit against influencers for promoting FTX. Armstrong even issued threats against lawyers and openly mocked a federal judge’s authority by not attending the court hearing.
Thank you to the #BitSquad, $BEN Nation, & Pluto Alliance for all the support. Keep the pressure on @HitNetwork_.
In the end, we will win. You can’t steal someone’s company they built on their identity and win. They can’t clone me lol.
I love you guys. Especially the haters.
— $BEN (@joinBENCoin) August 30, 2023
After he was removed from BitBoy Crypto, Ben Armstrong faced several issues financially and personally. He even claimed death threats, public humiliation, and blackmail from his opponents. In one of his posts on X, Ben admitted that he was undergoing the most traumatic experience of his life. He requested his followers, who have ever benefited from his content, to support him by donating to his legal fund to get BitBoy Crypto back.
The fact is @HitNetwork_ has taken all my money from me so I can’t fight.
I’m humbly asking anyone who has ever benefitted from my content or anything I’ve done to help donate to my legal fund to get BitBoy Crypto back.
ETH Address: 0xa6079bC88540cC9360D3c8D6f9cE583cdCcC3dC6 pic.twitter.com/PC2Ast0fTU
— Ben Armstrong (@BenArmstrongsX) September 20, 2023
In another incident, Ben Armstrong was found handcuffed in the middle of his YouTube live broadcast. Armstrong was broadcasting live on YouTube outside of one of his business associate’s, Carlos Diaz, residence. Armstrong previously announced on social media saying that he would go live soon from an exceptional location, referring to Carlos Diaz’s house, which prompted the ordeal to arrest him.
The online record at Sheriff’s department site stated that Ben Armstrong was arrested for loitering/prowling and for simple assault by placing another in fear. He even had to pay a $2,600 bond amount to get released on a bail. However, there is no harm to say that Ben Armstrong’s series of unthoughtful actions are the major reason for his downfall.
The YouTube channel is continuing as Discover Crypto, without Ben Armstrong. After a series of unacceptable incidents that happened with Armstrong, he is no longer be a part of the brand, even though he was the one who created it. However, Armstrong might still have hopes of being called back to Discover Crypto.
Nonetheless, the team has determined to move forward with fresh talent and continue to provide insightful information around crypto. Whether the new Discover Crypto will receive as much popularity and adoption or not will be decided by the audience!
How much money is Ben BitBoy Armstrong worth?
Ben Armstrong, aka BitBoy Crypto, has a total net worth of between $8 million to $30 million.
Did BitBoy create the Bitcoin logo?
The current Bitcoin logo, with a slanted B inside an orange circle, was created by an anonymous personal named Bitboy and posted on the Bitcoin forum. However, this Bitboy is not the same as YouTube influencer BitBoy Crypto, who is Ben Armstrong.
Premium Partners
5M+ Monthly Page Views
50k+ Articles
Sign Up on MEXC
