Who Is Ben Armstrong? Rise and Fall of Crypto Influencer BitBoy Crypto

Ben Armstrong, better known online as BitBoy Crypto, was once one of the most recognized faces in the world of cryptocurrency. From humble beginnings in Florida to becoming a YouTube sensation with over a million followers, Armstrong’s journey has been anything but ordinary.

However, recent years have seen a dramatic fall for the once-popular influencer, involving lawsuits, arrests, and major controversies.

The Rise of BitBoy Crypto

Ben Armstrong started his crypto journey in the early 2010s after facing personal struggles. He invested in Bitcoin and began making educational videos about crypto in 2018, launching the BitBoy Crypto YouTube channel.

By 2022, his channel had over 1 million subscribers, where he covered topics like Bitcoin, altcoins, and market predictions. He also promoted various tokens and had his own personal crypto token called $BEN.

Paid Promotions and Growing Influence

Armstrong reportedly charged between $20,000 to $40,000 per video to promote crypto projects. He endorsed popular but controversial tokens like HEX, SafeMoon, and DistX. While some tokens gained temporary attention, others were accused of being scams and lost investors’ money.

Critics, including blockchain investigator ZachXBT, claimed Armstrong did not always disclose his financial ties to these projects, which led to accusations of misleading his followers.

Controversies and Collapse

By 2023, Armstrong’s reputation started to fall apart. His own company, HIT Network, cut ties with him over alleged substance abuse, erratic behavior, and financial mismanagement. Armstrong denied the claims, calling it a betrayal.

In 2024, he paid $340,000 to settle a lawsuit involving FTX, where he had promoted the failed crypto exchange without proper disclosure. He also crowdfunded $90,000 in crypto from fans to help pay legal bills.

Arrests and Legal Troubles

In September 2023, Armstrong live-streamed a confrontation with a former colleague over a Lamborghini. He was arrested for loitering and assault, and spent 8 hours in jail.

In early 2025, Armstrong accused Kevin O’Leary, the famous Shark Tank investor, of being a “real-life murderer” related to a past boating accident. O’Leary filed a defamation lawsuit demanding over $75,000 in damages, saying Armstrong acted with malice and even leaked his private phone number online.

In March 2025, Armstrong was arrested again in Deltona, Florida, under a fugitive warrant from Georgia, for sending threatening emails to Judge Kimberly Childs. Later in June, he was charged with six counts of harassing phone calls, and his messy mugshot went viral on social media.

He also once tried suing a YouTuber who called him a “shady dirtbag,” but dropped the case after the YouTuber raised $200,000 in legal donations.

Today, Ben Armstrong is no longer the respected crypto figure he once was. His story is a reminder of how fast fame can disappear when transparency, ethics, and accountability are ignored.

Armstrong’s rise and fall show the darker side of crypto influencers and how promoting high-risk tokens without clear disclosure can damage lives and reputations.