Cryptocurrency

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 <p class="paragraph">Ben Armstrong, also known as ‘BitBoy Crypto’, has recently become entangled in a lawsuit against his former partners from HIT Network, regarding assets seizure that were registered under their company’s name, but Armstrong claims belong to him.</p> 
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 <p class="paragraph">The former BitBoy Crypto employee is now asking for donations from the crypto community using emotional videos sharing his story, and on September 21, he shared a multi-millionaire XRP address, in response to supposed requests for a donation address by the XRP community.</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“Several people have asked about an $XRP donation address for my legal fund (…) XRP Address: ‘rJmXYcKCGJSayp4sAdp6Eo4CdSFtDVv7WG’ (…) Thanks for the support”.</p> <cite>— <em>Ben Armstrong (@BenArmstrongsX)</em></cite> 
 </blockquote> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" loading="lazy" width="926" height="670" src="https://cdn.thebittimes.com/images/2023/09/22/3d12b80d17a3e11d7d515519eb23f02b.webp" alt="Ben Armstrong tweet sharing his XRP address" class="wp-image-129572" srcset="https://cdn.thebittimes.com/images/2023/09/22/3d12b80d17a3e11d7d515519eb23f02b.webp 926w, https://cdn.thebittimes.com/images/2023/09/22/3d12b80d17a3e11d7d515519eb23f02b.webp 300w, https://cdn.thebittimes.com/images/2023/09/22/3d12b80d17a3e11d7d515519eb23f02b.webp 768w" sizes="(max-width: 926px) 100vw, 926px"> 
  <figcaption class="wp-element-caption">
    Source: <em>Ben Armstrong (@BenArmstrongsX)</em> 
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 <p class="paragraph">Thousands of dollars in XRP were already sent in the last 24 hours to the given Ben Armstrong address, with lots of these payments being from known centralized exchange accounts.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="924" src="https://cdn.thebittimes.com/images/2023/09/22/4dce41f4fb7aaee71c40b7b0f8cf00af.webp" alt="BitBoy Crypto address payments history" class="wp-image-129573" srcset="https://cdn.thebittimes.com/images/2023/09/22/4dce41f4fb7aaee71c40b7b0f8cf00af.webp 1024w, https://cdn.thebittimes.com/images/2023/09/22/4dce41f4fb7aaee71c40b7b0f8cf00af.webp 300w, https://cdn.thebittimes.com/images/2023/09/22/4dce41f4fb7aaee71c40b7b0f8cf00af.webp 768w, https://cdn.thebittimes.com/images/2023/09/22/4dce41f4fb7aaee71c40b7b0f8cf00af.webp 1358w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Payments history from “rJmXY…Vv7WG”. Source: <em>XRPScan</em> 
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 <h2 class="wp-block-heading" id="h-bitboy-address-has-over-160-million-xrp">BitBoy address has over 160 million XRP</h2> 
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 <p class="paragraph">Interestingly, this address — that is <a rel="noopener noreferrer nofollow" title="supposed" href="https://thebittimes.com/tag/supposed.html">supposed</a>ly under his control — has a balance of 161.54 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP tokens ($81.94 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>), with the first transaction of 10 XRP received on February 19, 2023, according to on-chain data from <em>BitHomp</em>. This first payment was sent by a Crypto.com account.</p> 
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  <img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/09/22/568828cd0ee73f92ab838df31eb50588.webp" alt="Ben Armstrong XRP address activation data" class="wp-image-129574" width="540" height="772" srcset="https://cdn.thebittimes.com/images/2023/09/22/568828cd0ee73f92ab838df31eb50588.webp 540w, https://cdn.thebittimes.com/images/2023/09/22/568828cd0ee73f92ab838df31eb50588.webp 210w" sizes="(max-width: 540px) 100vw, 540px"> 
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    Address data from “rJmXY…Vv7WG”. Source: <em>BitHomp</em> 
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 <p class="paragraph">Historic transaction data for the address over the last 30 days shows a consistent daily payment flow since August 22, with a spike of over 5 million XRP in 181 payments, on September 5.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="367" src="https://cdn.thebittimes.com/images/2023/09/22/c36d06a72473d1d35f81e603793af54b.webp" alt="BitBoy Crypto XRP address payments flow in 30 days" class="wp-image-129575" srcset="https://cdn.thebittimes.com/images/2023/09/22/c36d06a72473d1d35f81e603793af54b.webp 1024w, https://cdn.thebittimes.com/images/2023/09/22/c36d06a72473d1d35f81e603793af54b.webp 300w, https://cdn.thebittimes.com/images/2023/09/22/c36d06a72473d1d35f81e603793af54b.webp 768w, https://cdn.thebittimes.com/images/2023/09/22/c36d06a72473d1d35f81e603793af54b.webp 1536w, https://cdn.thebittimes.com/images/2023/09/22/c36d06a72473d1d35f81e603793af54b.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Payment flows over the last 30 days on “rJmXY…Vv7WG”. Source: <em>XRPScan</em> 
  </figcaption> 
 </figure> 
 <p class="paragraph">After posting the address on X (formerly Twitter), the number of payments slightly spiked, but not the volume. Which indicates smaller transactions, usually what is seen from <a rel="noopener noreferrer nofollow" title="donation" href="https://thebittimes.com/tag/donation.html">donation</a>s.&nbsp;</p> 
 <p class="paragraph">On September 21, BitBoy’s XRP address received a total of 230 payments, summing up to 315,360 XRP ($160,800).</p> 
 <p class="paragraph">Notably, with current information, it is impossible to know whether these funds come from Ben Armstrong’s personal stash, from <a rel="noopener noreferrer nofollow" title="donation" href="https://thebittimes.com/tag/donation.html">donation</a>s to his channel (formerly owned by his dissolved company), or from some other unknown origin.&nbsp;</p> 
 <h3 class="wp-block-heading" id="does-this-xrp-address-really-belong-to-bitboy-crypto">Does this XRP address really belong to BitBoy Crypto?</h3> 
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
    <p lang="en" dir="ltr">Pretty sure that's an exchange address and then the tag lets the exchange know how much he has on chain in that wallet?</p>— GuinnessStache (@guinnessstache) September 22, 2023 
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 </figure> 
 <p class="paragraph">GuinnessStache (@guinnessstache) commented that it is possible that this address belongs to a centralized exchange, that is linked to a private account by Ben Armstrong through the tag “3259094467”. In this case, the $80 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> would belong to the suggested institution, instead of Armstrong himself.</p> 
 <p class="paragraph"> </p> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitboy-crypto-supposedly-holds-80-million-in-xrp-yet-asks-community-for-donations-tbt63686.html">https://thebittimes.com/bitboy-crypto-supposedly-holds-80-million-in-xrp-yet-asks-community-for-donations-tbt63686.html</a></p>

BitBoy Crypto supposedly holds $80 million in XRP, yet asks community for donations

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