Hounded by Lawyers and Short on Cash, Ben 'Bitboy Crypto' Armstrong Nixes Daily Show

"We've got lawyers coming at me from every angle," the brash crypto influencer said Wednesday.

AccessTimeIconFeb 1, 2024 at 12:32 a.m. UTC
Updated Mar 8, 2024 at 8:52 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Ben Armstrong, the brash crypto influencer whose precipitous rise as the "Bitboy" vlogger came crashing down under corporate and personal scandal, is stopping his daily livestream after three years.

In an emotional video posted to his personal Youtube channel, Armstrong said his daily shows in which he discussed crypto trends were no longer financially viable and were burning $25,000 a week to produce. He said he is spending "about $100,000 a month" on legal bills.

  • YouTuber BitBoy Crypto Sues Atozy for Defamation
    04:18
    YouTuber BitBoy Crypto Sues Atozy for Defamation
  • BitBoy Crypto Sues Atozy for Defamation
    02:05
    BitBoy Crypto Sues Atozy for Defamation
  • Ben “Bitboy” Armstrong & Aaron Murray: Making a Play for Crypto
    30:00
    Ben “Bitboy” Armstrong & Aaron Murray: Making a Play for Crypto
  • "We're barely making it out here, guys. We've got lawyers coming at me from every angle," he said in the 10 minute video that had garnered 18,000 views late Wednesday. "Everyone I know is coming after me right now."

    Armstrong was better known as "Bitboy," the hard-charging, fast-talking crypto personality who from 2018 on published polished price prediction and news videos with headlines like "Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE" that garnered tens of thousands of views.

    His content was a hit in one corner of the crypto trading public, who followed the channel for advice as well as entertainment. It led to Armstrong creating his own cryptocurrency called $BEN coin in mid-2023.

    But he was ousted from the BitBoy world shortly after that token's launch over "serious and personal allegations," according to Decrypt. Armstrong later sued the company that owns the brand.

    That began a series of messy events that included the revelation Armstrong was having an affair with the CEO of BEN Coin and his arrest at the home of a former business partner – both of which happened on the same livestream.

    Edited by Nikhilesh De.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Danny Nelson

    Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.