Ben Armstrong ends his daily broadcast after financial and legal crisis

Ben Armstrong’s meteoric rise in the crypto activism world has come to a breaking point. The influencer known as “Bitboy” announced on January 31, 2024, that he will suspend his daily live streams that propelled him to fame after nearly three years of almost uninterrupted broadcasts. In an honest video uploaded to his personal YouTube channel, Armstrong revealed an uncomfortable truth: his shows are no longer financially sustainable.

The numbers that toppled Ben Armstrong’s empire

The operational costs of daily streaming amount to $25,000 a week, a figure that becomes unsustainable when combined with other rising expenses. Armstrong admitted he is spending approximately $100,000 a month on legal fees, a burden that has dramatically changed his financial situation. “We’re barely surviving here, guys,” he said in the video, which garnered 18,000 views on its first night.

From successful content creator to being sued

Ben Armstrong’s journey began with notable success. Starting in 2018, under his alias “Bitboy,” he posted polished videos with Bitcoin price predictions and trend analyses, with catchy titles like “Make IMPOSSIBLE profits with Bitcoin’s SUPERCYCLE.” His content resonated especially with crypto ecosystem followers seeking both entertainment and investment guidance.

This rise led him to make an ambitious decision in mid-2023: to create his own cryptocurrency, the $BEN token. But the business dream nearly collapsed immediately after launch.

The collapse: the BEN token scandal changed everything

Things quickly got complicated when Armstrong was removed from the project shortly after launching his token, accused of “serious personal and corporate issues,” according to Decrypt. What followed was a cascade of chaotic events: Armstrong sued the company behind the BEN brand, revelations emerged about a romance between Armstrong and the CEO of BEN Coin, and he was finally detained at a former business partner’s house—all on the same day as a scheduled live stream.

The final confession: “All my acquaintances are after me”

In his retirement announcement, Armstrong expressed the gravity of his legal situation: “We have lawyers attacking me from all angles. All my acquaintances are after me right now.” The accumulation of lawsuits, legal expenses, and financial pressure left him with no alternative.

His last tweet on the subject captured the nostalgia of someone leaving a chapter behind: “My daily crypto stream has been my life. We had a good run. Three years. Monday through Friday without rare exceptions. Holidays. Birthdays. Market crashes. Bull market tops. Epic rants. I was there with you through it all.”

Ben Armstrong’s closure marks a turning point in how the crypto community perceives its influencers: figures built quickly that can crumble just as fast when personal scandals and legal pressures converge.