2024

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<p class="is-style-lead">Ben Armstrong, known in the cryptocurrency world as Bitboy, has announced the cessation of his daily live stream.</p>
<p>Armstrong’s decision comes amid a flurry of personal and legal challenges, including a significant financial strain due to the production costs of his shows and mounting legal expenses.</p>
<p>In an emotional video on his YouTube channel, Armstrong revealed that his daily crypto trend shows cost $25,000 a week to produce, making them financially unsustainable. He also mentioned that his legal expenses amount to approximately $100,000 monthly.</p>
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<p>The influencer, who once commanded a large following for his crypto insights and predictions, finds himself at a crossroads, grappling with the fallout from various controversies and legal battles.</p>
<p>“Lawyers are attacking me from every direction, and currently, everyone I know is targeting me,” Armstrong said in the 10-minute video, which had attracted 18,000 views by late Jan. 31, sharing that they’re barely surviving.</p>
<p>You might also like: <a href="https://crypto.news/bitboy-shares-drug-test-results-alleges-coup-at-his-company/" rel="noopener noreferrer nofollow"> BitBoy shares drug test results, alleges coup at his company </a></p>
<p>Armstrong’s journey into the crypto spotlight began with his Bitboy vlog, where he offered price predictions and crypto news, quickly amassing a large following. His foray into creating his own cryptocurrency, $BEN coin, marked a high point in his career.</p>
<p>However, the venture soon turned sour as Armstrong faced serious allegations, leading to his <a href="https://crypto.news/bitboy-removed-from-his-company-amid-corporate-coup/" rel="noopener noreferrer nofollow">ousting from the BitBoy brand</a> and subsequent legal disputes.</p>
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   <p lang="en" dir="ltr">My daily crypto livestream has been my life.<br><br>We had a good run. 3 years. Every Monday through Friday without rare exception.<br><br>Holidays. Birthdays. Market crashes. Bull market tops. Epic rants. I was there with you through it all.<br><br>I’ll miss you guys.</p>— Ben Armstrong (@BenArmstrongsX) <a href="https://twitter.com/BenArmstrongsX/status/1752837084686000392?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 31, 2024</a>
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<p>His unexpected<a href="https://crypto.news/bitboy-unexpectedly-dumps-ben-meme-token-stash-for-78k/" rel="noopener noreferrer nofollow"> sale of BEN tokens</a> for a significant sum, despite previous commitments to hold them, raised eyebrows and led to accusations of market manipulation. This incident, coupled with his involvement in a <a href="https://crypto.news/bitboy-crypto-faces-backlash-prepares-for-a-legal-battle/" rel="noopener noreferrer nofollow">fraudulent FTX case</a> and a <a href="https://crypto.news/hacking-the-hacker-unveiling-bitboy-cryptos-recent-scandals/" rel="noopener noreferrer nofollow">high-profile Twitter hack</a>, has painted a picture of a figure embroiled in controversy.</p>
<p>Armstrong’s legal woes are compounded by his battle with Hit Network, which has drained his finances and prompted him to seek <a href="https://crypto.news/bitboy-receives-over-59k-in-crypto-donations-driving-community-outrage/" rel="noopener noreferrer nofollow">donations from the crypto community</a>. This move, however, has <a href="https://crypto.news/zachxbt-alleges-bitboy-4k-indicator-is-a-scam/" rel="noopener noreferrer nofollow">sparked outrage</a>, especially given Armstrong’s display of wealth in the past.</p>
<p>Critics argue that the funds could be better used to support more pressing causes, highlighting a disconnect between Armstrong’s plea for support and his previous lifestyle.</p>
<p>As Armstrong steps back from his daily livestream, his story is a cautionary tale about the pitfalls of fame and the volatile nature of the crypto world, where fortunes can turn as quickly as the market itself.</p>
<p>Read more: <a href="https://crypto.news/bitboy-dismissed-from-ftx-case-as-three-celebrities-settle/" rel="noopener noreferrer nofollow"> BitBoy dismissed from FTX case as three celebrities settle </a></p>

Ben Armstrong aka Bitboy ends daily crypto live stream, cites $25k weekly expense

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