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    Home » BitBoy claims 'spiritual crisis' amid legal and financial struggles
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    BitBoy claims 'spiritual crisis' amid legal and financial struggles

    ZEMS BLOGBy ZEMS BLOGFebruary 3, 2024No Comments3 Mins Read
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    by Deirdre Bardolph

    published
    February November 3, 2024, 2:21 PM ET

    It's all gone too much for him.

    Ben Armstrong, who was a popular cryptocurrency YouTuber known as “BitBoy,” has since lost everything — his fortune, his prized Lamborghini, his job, and now his wife, who recently filed for divorce.

    The former graphic designer and car wash owner who overcame a methamphetamine addiction rose to fame six years ago by sharing advice about digital currency and advocating for investors.

    His style of humor has appealed to ordinary people and those looking to get rich quick.

    But the New York Times reported that cryptocurrencies have collapsed in the past two years, and that Armstrong, 41, who said he had $40 million in the currency, is now charged with extortion, theft, sexual harassment and workplace violence.

    The collapse began in August when Armstrong was fired from his company, HIT Network, according to the outlet.

    He was accused in a lawsuit of misusing steroids and throwing bottles of protein at company employees, allegations that Armstrong denied.

    Ben Armstrong, a cryptocurrency influencer known online as BitBoy, has reportedly lost everything, including his fortune and his marriage to his wife, Bethany, who has filed for divorce. Instagram/benarmstrong Indeed
    Ben Armstrong (left), a cryptocurrency influencer formerly known as BitBoy, has been fired from his company and now faces lawsuits over his behavior in the workplace. Instagram/benarmstrong Indeed

    “Ben has lost track of the person he used to be,” TJ Shedd, Armstrong's former business partner, said in a statement to the Times. “He has caused serious damage to his professional and personal relationships.”

    Shedd sued Armstrong for “illegally directing and transferring up to $50,000 per month to his mistress, Cassandra Wolfe.”

    Armstrong's wife, Bethany, filed for divorce in October.

    Ben Armstrong was accused of transferring up to $50,000 a month from his company to Cassandra Wolfe, with whom he was apparently having an affair. Instagram/duchessofdefi
    Armstrong lost his valuable Lamborghini in what he described as extortion. Instagram/benarmstrong Indeed

    In January, the Atlanta influencer canceled his daily live show, telling his followers: “We're barely making it here, guys. We have attorneys coming to me from every angle.

    He has claimed in social media posts and videos that he is the victim of a “criminal plot” by “terrorists” who took over his YouTube channel and declared that “BitBoy is dead.”

    In another interview, he said: “I am going through a midlife crisis… a spiritual crisis.”




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