The Rise and Fall of Bitboy Crypto: What Happened to Ben Armstrong

Bitboy Crypto, the once-dominant crypto influencer brand, has become a cautionary tale of rapid ascent followed by spectacular collapse. What happened to Ben Armstrong’s empire provides a stark reminder of the turbulent dynamics within the cryptocurrency community, where fortunes and reputations can vanish as quickly as they appear.

From Viral Success to Mounting Controversies

For years, Bitboy Crypto dominated the crypto education and trading advice space. Starting around 2018, Armstrong built a massive following through polished videos featuring bold price predictions and clickbait headlines like “Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE.” His content resonated with retail traders seeking both financial guidance and entertainment, making the channel a destination for crypto market commentary.

In mid-2023, riding this wave of popularity, Armstrong launched his own token: $BEN coin. What initially seemed like a logical expansion soon became the catalyst for his downfall. Almost immediately after the token launch, serious controversies emerged—Armstrong was ousted from the BitBoy project amid accusations of misconduct and personal scandals that would define the next chapter of his story.

Legal Wars and Financial Collapse

The situation escalated rapidly into a legal nightmare. After his removal from BitBoy, Armstrong filed a lawsuit against the company that owned the brand, initiating a prolonged legal battle. But his troubles multiplied from there. In September 2023, Armstrong was arrested at the home of a former business partner during a livestream—an event that would have been shocking enough on its own, but was soon compounded by revelations of an affair with the CEO of BEN Coin, which occurred during the same broadcast.

The legal consequences became increasingly expensive. By early 2024, Armstrong revealed he was spending approximately $100,000 per month on legal fees alone. Multiple lawsuits were taking their toll, both emotionally and financially.

The End of Daily Livestreaming

What happened next was the inevitable conclusion. In January 2024, Armstrong announced the discontinuation of his daily livestream—a show that had defined his brand for three years. In an emotional video posted to his YouTube channel, he explained that the daily broadcasts were no longer financially sustainable. The production costs had become prohibitive, burning through approximately $25,000 each week.

“We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle. Everyone I know is coming after me right now,” Armstrong said in the video, which accumulated 18,000 views within hours of posting. His tweet lamenting the end read: “My daily crypto livestream has been my life. We had a good run. 3 years. Every Monday through Friday without rare exception.”

What Happened to Bitboy Crypto Serves as Industry Lesson

The saga of Ben Armstrong and Bitboy Crypto demonstrates how quickly influence can evaporate in the crypto space. What began as a success story of a savvy content creator building an audience transformed into a complex tale of personal scandals, legal entanglement, and financial ruin. For followers and observers, the question “what happened to Bitboy Crypto” became a referendum on the sustainability of crypto influencer culture itself, where today’s celebrity can become tomorrow’s cautionary tale.