The Rise and Fall of Bitboy Crypto: How Legal Battles and Financial Strain Ended Ben Armstrong's Daily Livestream

Ben Armstrong’s abrupt decision to end his daily cryptocurrency livestream marks a dramatic turning point for one of crypto’s most recognizable personalities. Once known as Bitboy Crypto, Armstrong built a massive following through engaging price predictions and market analysis videos that attracted tens of thousands of viewers. But within just three years, the venture became financially unsustainable and legally precarious, forcing him to step away from the daily grind that had defined his public presence.

From YouTube Sensation to Crypto Controversy

Armstrong’s journey as Bitboy began around 2018, when he started publishing polished cryptocurrency content with attention-grabbing headlines promoting bold market predictions. His fast-paced commentary and confident analysis resonated strongly with retail crypto traders seeking both investment guidance and entertainment. The channel’s popularity eventually led Armstrong to launch his own cryptocurrency token, BEN coin, in mid-2023—a natural extension for an influencer with millions of engaged followers.

However, the venture quickly unraveled. Shortly after the token’s debut, Armstrong was ousted from the BitBoy brand itself amid what Decrypt described as “serious and personal allegations.” The fallout triggered a series of escalating controversies that would define the next phase of his career, including public accusations and a subsequent lawsuit against the company owning the brand.

The Financial Breaking Point

In an emotional video shared on his personal YouTube channel, Armstrong revealed the brutal economics behind his daily show. Each week of production consumed approximately $25,000, meaning his livestream operation alone cost roughly $100,000 per month to maintain—unsustainable numbers for an influencer struggling with legal expenses.

But the financial drain extended far beyond production costs. Armstrong disclosed he was spending “about $100,000 a month” on legal fees as lawsuits and disputes mounted from multiple directions. “We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle,” he explained in the video. The combination of operational losses and legal bills created a perfect financial storm that ultimately forced his hand.

A Series of Legal and Personal Setbacks

Armstrong’s troubles stemmed from multiple overlapping crises. Beyond the brand ousting and resulting litigation, he faced additional scandals that captured media attention and further tarnished his credibility. The controversies included revelations about an affair involving BEN Coin’s CEO and a shocking incident at the home of a former business partner—both events occurring during a single livestream that instantly became a viral moment in crypto Twitter.

These events compounded the reputational damage that was already affecting his ability to maintain sponsorships and revenue streams. For a content creator whose entire brand was built on trustworthiness and market expertise, such personal and professional scandals were catastrophic.

What Happens Next

Armstrong’s announcement signaled the end of an era. His statement—“My daily crypto livestream has been my life”—reflected the personal toll of three years broadcasting Monday through Friday without exception, through market crashes and bull runs alike. The decision to stop production represents not just a business closure but a withdrawal from the public eye after years of constant visibility.

The case of Bitboy Crypto serves as a cautionary tale for cryptocurrency influencers facing mounting legal challenges and financial pressures. It also highlights how quickly fortunes can reverse in the volatile world of crypto content creation, where a single scandal or misstep can unravel years of audience building and brand equity.