Crypto influencer Ben Armstrong, known as BitBoy Crypto, recently made headlines for his legal battle against Hit Network. He claimed that Hit Network, led by CEO Timothy ‘TJ’ Shedd Jr. and his father Timothy Shedd Sr., stole his company, leading to a lawsuit filed in Georgia, USA.
However, Armstrong’s request for donations to his legal fund has drawn criticism from some within the crypto community. While he stated that Hit Network had taken all of his money, some questioned his plea for financial support. Blockchain analyst ZachXBT highlighted concerns about Armstrong’s promotion of risky projects and meme coins, which had negative consequences for some investors.
Additionally, Armstrong faced scrutiny for wearing a $350,000 Rolex watch in one of his videos, leading to questions about his financial situation and the need for donations.
Despite his legal efforts, Armstrong claimed that he received death threats from Hit Network after initiating the lawsuit. He described how negotiations were initially agreed upon, and he had even considered dropping the lawsuit. However, Hit Network allegedly filed a counterclaim swiftly upon learning of Armstrong’s intentions.
The fact is @HitNetwork_ has taken all my money from me so I can’t fight.
— Ben Armstrong aka BitBoy Crypto (@BenArmstrongsX) September 20, 2023
I’m humbly asking anyone who has ever benefitted from my content or anything I’ve done to help donate to my legal fund to get BitBoy Crypto back.
ETH Address: 0xa6079bC88540cC9360D3c8D6f9cE583cdCcC3dC6 pic.twitter.com/PC2Ast0fTU
The legal dispute between Armstrong and Hit Network has resulted in a rebranding of his YouTube channel. Previously known as “BitBoy Crypto,” the channel has been rebranded as “Discover Crypto.” This move followed Hit Network’s unveiling of the new channel identity and its continued operations despite the ongoing legal battle.
While Armstrong’s legal battle has garnered attention, the request for donations has sparked debate within the crypto community. Some view it as a plea for support, while others remain critical of Armstrong’s financial decisions and his role in promoting certain crypto projects. The outcome of his legal dispute with Hit Network will likely continue to be closely watched within the crypto industry.
