“BitBoy” in Legal and Financial Struggles, Claims “Spiritual Crisis”


Published Feb. 3, 2024, 2:21 p.m. ET
By Deirdre Bardolf

Once a famous cryptocurrency YouTuber known as “BitBoy,” Ben Armstrong has fallen from grace. He has lost everything – his wealth, his prized Lamborghini, his business, and now, his wife, who recently filed for divorce.

At one point, Armstrong was a graphic designer and car wash owner who overcame a methamphetamine addiction. He rose to fame six years ago by sharing advice on digital currency and promoting investments. His content appealed to average individuals and those seeking quick riches.

However, in the last two years, the cryptocurrency market has crashed, and Armstrong, now 41, is facing accusations of extortion, theft, sexual harassment, and workplace violence, according to a report by the New York Times.

The downfall began in August when Armstrong was removed from his company, HIT Network. He was accused in a lawsuit of abusing steroids and throwing bottles of protein shakes at his staff, which he has denied.

T.J. Shedd, Armstrong’s former business partner, stated, “Ben lost track of the person he used to be. He caused enormous damage to both his professional and personal relationships.” Shedd has filed a lawsuit against Armstrong for directing and diverting up to $50,000 a month to his mistress, Cassandra Wolfe.

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

In January, the Atlanta influencer canceled his daily livestream show, stating, “We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle.” He has claimed on social media that he is the victim of a “criminal conspiracy” by “terrorists” who took over his YouTube channel and declared, “BitBoy is dead.”

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

Despite his struggles, Armstrong continues to post on social media, claiming he is still under attack and facing financial and legal troubles. He has also mentioned going through a “spiritual crisis.”

It seems that Armstrong’s actions have caught up to him, and he is now facing the consequences of his behavior. The once-famous BitBoy has fallen from grace and is now trying to rebuild his life and reputation.

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