BJ Investment Holdings, the parent company of the Hit Network has recently taken decisive legal action to cut ties with the renowned YouTuber and crypto promoter Ben Armstrong.
BJ Investment Holdings cut Ties with Ben Armstrong
On Monday, BJ Investment Holdings, confirmed the removal of the disputed individual that had been dismissed from the company and specifically the “BitBoy Crypto” brand. According to the company:
“This difficult decision is a culmination of a prolonged effort to help Ben during his relapse into substance abuse as well as reconcile the emotional, physical and financial damage he has done to the employees of Hit network and the Bitboy Crypto community.”
The company further states that the BitSquad “deserves better and [they] are going to get through this together.” The brand didn’t forget to wish Ben Armstrong the best.
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
Ben Armstrong and his Compromised Reputation
Notably, Armstrong has a reputation for being argumentative and eccentric. He has been accused of harassing the attorney who sued him for promoting the defunct cryptocurrency exchange FTX, and he even skipped the court appearance to go on a vacation. Moreover, BitBoy had once camped out in front of SBF’s home in the Bahamas in an effort to speak with the FTX founder after the FTX catastrophe occurred.
The YouTuber sued another YouTuber Erling Mengshoel Jr., also known as Atozy, in August of last year. The community, however, does not accept what the former claimed about Atozy’s eight-month-old video causing him a great deal of emotional distress as well as harm to his business and reputation. Nonetheless, Armstrong was forced to give up the Atozy lawsuit after receiving harsh criticism.
In another case, Ben Armstrong announced his decision to bring a class-action lawsuit against the troubled cryptocurrency lender Celsius Network in June because he was furious about not being able to access the assets that were stored up in Celsius to pay back his unpaid loans.