Famend crypto YouTuber Ben Armstrong was just lately fired from his function at Bitboy Crypto, a transfer introduced by BJ Funding Holdings and its mum or dad firm, Hit Community.
The choice to sever ties with Armstrong, the outstanding face of the crypto neighborhood Bitboy Crypto, got here as a “decisive authorized motion” pushed by monetary hurt and substance abuse considerations. The corporate revealed its makes an attempt to assist Armstrong throughout his difficulties.
BitBoy’s assertion learn:
“This tough choice is a end result of a chronic effort to assist Ben throughout his relapse into substance abuse, in addition to reconcile the emotional, bodily, and monetary harm he has achieved to the staff of Hit Community and the Bitboy Crypto neighborhood.”
The sudden information has shocked the crypto neighborhood, particularly given Armstrong’s central function because the face of Bitboy Crypto, which boasts a formidable 1.45 million YouTube subscribers.
Whereas hypothesis had been rife, the corporate has solely cited substance abuse and monetary hurt because the causes for Armstrong’s abrupt departure, with out detailing any particular incidents resulting in this choice.
Moreover, the choice might need stemmed from a class-action lawsuit involving Armstrong and different influencers from the previous. Traders accused Armstrong of inadequately disclosing compensation whereas selling FTX.In response, Armstrong reportedly engaged in disruptive habits, together with threats in opposition to attorneys and on-line insults geared toward outstanding figures.
In April, Armstrong defied a federal Justice of the Peace choose’s directive to seem in court docket relating to alleged harassment of counsel in a lawsuit involving crypto influencers.
Regardless of Decide Melissa Damian’s order for Armstrong and his authorized illustration to attend on April 20, he brazenly derided the mandate on social media by sharing seashore pictures from the Bahamas.
The crypto influencer’s on-line habits additionally included hurling insults at outstanding figures like European Central Financial institution President Christine Lagarde and SEC Chair Gary Gensler.
In August 2022, Armstrong initiated a defamation lawsuit in opposition to YouTuber Erling Mengshoel Jr., also called “Atozy.” Nonetheless, he withdrew the case when Mengshoel Jr. efficiently raised important funds for his authorized protection.
Armstrong’s refusal to stick to a court docket look order and subsequent derision on social media uncovered an absence of professionalism and accountability, values which might be inconsistent with the corporate’s rules.
This incident highlights the moral obligations of cryptocurrency influencers and is probably going a significant component contributing to his departure, prompting the crypto neighborhood to ponder the model’s forthcoming path.
Regardless of possessing a big on-line following, his departure from BitBoy Crypto has spurred questions in regards to the model’s future. Hit Community’s choice emphasizes the significance of duty and moral conduct throughout the realm of crypto influencers.