'Coup' Sees Ben 'BitBoy' Crypto Fired His Own Company - What is happening?

Source: BitBoy

Prominent

cryptocurrency

influencer Ben Armstrong, founder of

BitBoy Crypto

, has announced his departure due to an internal coup led by TJ Shedd and Justin Williams.

Despite expressing confidence in his position by stating, “Until they can clone me, I have nothing to worry about,” Armstrong confirmed his departure on his joinBENCoin account, which was initially revealed by Bitcoin blogger Jason A. Williams through a screenshot.

“Effective immediately, Ben Armstrong will no longer be working with Hit Network/BJ Investment Holdings and all subsidiary brands including but not limited to Bitboy Crypto and Around The Blockchain. This decision has not been easy. However, after long consideration, we are confident this is the only path forward.”

Armstrong's departure has left people wondering about the reasons, leading to various speculations.

Crypto scam

investigator ZachXBT raised questions about a possible connection between the departure and Armstrong's recent engagement with questionable meme coins, stating, “Is it bc of your recent involvement with all of these sketchy meme coins or something else？”

In response, Twitter user Robbin Pilliams suggested that the departure might be related to something Armstrong did in Denver, mentioning an ongoing investigation.

They countered, “It‘s because of what he did in Denver, there’s an investigation underway currently. Dont you think this would have happened before now if it had to do with meme coins.”

Ben, however, refuted the Denver connection by responding, “Ben hasnt done anything in Denver.”

Controversies Surrounding Ben Armstrong: Departure Amidst Token Questions and Investigation Rumors

Armstrong has faced criticism for allegedly selling tokens after endorsing them and promoting potentially risky investments via affiliate connections.These controversies raise questions about whether his departure aims to distance himself from potential liabilities.

Additionally, Armstrong has been involved in other controversies, including his separation from ben.eth, a contentious

meme coin

creator. This came to light with the BEN memecoin release amid accusations of a rug pull. ben.eth, an initially obscure NFT influencer, gained prominence during the PEPE memecoin season.

Many copycats, including BEN, followed suit. BEN stood out and gained momentum when Bitboy endorsed it despite Uniswap banning its front-end trading. ben.eth's attention grew, leading to launching another memecoin, PSYOP, endorsed by Andrew Tate. Despite his distancing, PSYOP succeeded, driven by ben.eth's unique presale approach and an airdrop for BEN holders. Expanding, ben.eth introduced LOYAL, backed by Ben Armstrong, for a memecoin-focused DEX, introducing “memefi.”

Amidst these updates of his separation from ben.eth and his recent departure from Bitboy, the fate of Armstrong's digital currency, BEN, faced scrutiny.

BEN's current price is at 0.00000002 USD, exhibiting a -41.37% drop over the last 24 hours. It's actively traded on 21 markets, amassing a 24-hour trading volume of $2,907,825.89.Amid speculation about its decline, Armstrong swiftly dismissed doubts in response to a post by a user.

When they tweeted, “So guessing BEN coin is done,” Armstrong replied with a concise “Nope.” This action reaffirms Armstrong's dedication to crypto ventures, even after his departure from BitBoy Crypto.

In this whirlwind of changes, the fate of Armstrongs digital currency, BEN, also came under scrutiny. Though some followers speculated its downfall, Armstrong, responding to a query in a post, quickly dismissed any such possibilities. The assertion hints at his continued involvement in crypto ventures despite his exit from BitBoy Crypto.

Rumors of a potential investigation involving Armstrong have further stirred the pot. Adam Cochran shared his anticipation for Armstrongs departure with sarcasm, citing a rumor of an impending investigation that might have triggered the sudden move.

While Armstrongs departure has certainly sent ripples through the crypto community, the actual impact on BitBoy Crypto and BEN is yet to be seen.

The official BitBoy X account has not released any formal statement as of press time. It currently has a promotional post for the crypto betting platform stake.com as its pinned post.