Ben Armstrong, the leading figure behind BitBoy Crypto, has made a heartfelt and emotional address following his abrupt departure from the company, stating his commitment to the crypto community despite profound personal and professional challenges.
Armstrong’s exit from BitBoy Crypto, known for its extensive influence in crypto, sparked speculation throughout the crypto community. Armstrong’s departure from BitBoy Crypto and its umbrella organization, Hit Network/BJ Investment Holdings, was announced Monday. Armstrong divulged on his personal account that a conflict within the company instigated the transition, citing a ‘coup.’
However, in a video shared on the BitBoy Crypto YouTube channel, Armstrong, with evident emotion, regretted letting down his followers, admitting to personal issues, including substance abuse and an affair.
He acknowledged his actions had negatively impacted those around him, leading to his removal. Armstrong asserted his commitment to working through these issues, demonstrating his resilience and determination amidst adversity.
The official BitBoy Crypto account confirmed Armstrong’s removal Tuesday, Aug. 29, due to “substance abuse” and “emotional, physical and financial damage he has done to the employees of Hit network & the Bitboy Crypto community.”
Amid the revelations, Armstrong emphasized his commitment to rectifying the circumstances. He conveyed his intent to cooperate with the Hit Network team to ensure the continuity of the BitBoy Crypto Channel despite feeling blindsided by the confrontation over his substance use and infidelity.
Armstrong also expressed his desire to preserve the various brands under BitBoy Crypto, including Voomio, Bit Boy Academy, Crucial Crypto, and Hit Network. He highlighted his belief in the potential of these brands, particularly Voomio’s capacity to become a leading platform for non-fungible tokens (NFTs), despite the current downturn in the NFT market.
Armstrong’s forthright acknowledgment and commitment to resolving his issues underline the potential for resilience and transformation. It serves as a reminder that the path forward, though fraught with challenges, can also offer opportunities for restoration and growth. Armstrong himself candidly noted that more people will know about crypto after this incident, for better or worse.
