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Ben Armstrong, the founder of BitBoy Crypto, has recently announced his exit from the company.
This is Ben.
— $BEN (@joinBENCoin) August 27, 2023
TJ Shedd & Justin Williams have attempted a coup at my company.
Just confirming what is going around. It’s true. There has been a mutiny at BitBoy Crypto & Hit Network. But it won’t work. They have no leverage
Until they can clone me, I have nothing to worry about
This unexpected departure was a result of an internal upheaval spearheaded by TJ Shedd and Justin Williams.
Armstrong had previously shown confidence in his role but later confirmed his exit through his joinBENCoin Twitter account.
This revelation was first brought to light by Bitcoin blogger Jason A. Williams.
The official statement regarding his departure reads:
“Effective immediately, Ben Armstrong will no longer be working with Hit Network/BJ Investment Holdings and all subsidiary brands including but not limited to Bitboy Crypto and Around The Blockchain. This decision has not been easy. However, after long consideration, we are confident this is the only path forward.”
The crypto community has been abuzz with speculation regarding the reasons behind Armstrong's exit. Some, like crypto scam investigator ZachXBT, have linked it to Armstrong's recent affiliations with dubious meme coins.
Controversies Surrounding Ben Armstrong
Armstrong's departure has also brought to light several controversies. He has been criticized for allegedly endorsing and then selling tokens, and for promoting potentially high-risk investments.
There have also been discussions about his association with ben.eth, a meme coin creator, especially after the release of the BEN memecoin amidst rug pull accusations.
Despite the controversies and his departure, Armstrong remains committed to the crypto world. The future of his digital currency, BEN, which recently experienced a price drop, remains under scrutiny. Armstrong, however, remains optimistic about its prospects.
The crypto community awaits further developments and official statements from BitBoy Crypto regarding the situation.
