Bitboy Crypto's Daily Livestream Halts as Armstrong Faces Legal and Financial Turmoil

Ben Armstrong, the prominent cryptocurrency influencer known as “Bitboy Crypto,” has announced the end of his daily livestream after three years of consistent broadcasting. In a candid video statement shared on his YouTube channel, Armstrong revealed the show had become financially unsustainable, consuming approximately $25,000 weekly in production costs. More pressing, however, are his mounting legal expenses—he disclosed spending roughly $100,000 monthly on attorney fees across multiple ongoing disputes.

“We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle. Everyone I know is coming after me right now,” Armstrong said in his announcement, reflecting the intense pressure surrounding his current situation.

The Rise and Fall of a Bitboy Crypto Phenomenon

Armstrong’s journey in the cryptocurrency space exemplifies the volatile nature of the industry. From 2018 onward, his “Bitboy” brand became synonymous with bold price forecasting and market analysis. His YouTube videos, featuring sensational headlines like “Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE,” accumulated tens of thousands of viewers who tuned in for both investment insights and entertainment value. The channel cultivated a dedicated following within the crypto trading community, establishing Armstrong as a recognizable personality in the sector.

This prominence led Armstrong to launch his own cryptocurrency token, $BEN coin, in mid-2023—a move designed to capitalize on his accumulated influence and audience loyalty.

When Success Turned Into Scandal

The BEN coin launch marked a turning point in Armstrong’s career, though not in the direction he anticipated. Shortly after the token’s debut, Armstrong was ousted from the BitBoy brand amid what reports describe as “serious and personal allegations.” The situation escalated dramatically when revelations emerged about an extramarital affair involving Armstrong and the CEO of BEN Coin, compounded by his arrest at a former business partner’s residence—both incidents occurring during a single livestream broadcast.

In response to his removal from the BitBoy organization, Armstrong pursued legal action against the company controlling the brand, initiating a prolonged and contentious dispute that has since become part of a broader cascade of litigation surrounding his name and reputation.

An Industry Under Scrutiny

Armstrong’s predicament arrives amid broader instability within cryptocurrency lending and trading infrastructure. Blockfills, a Chicago-based crypto lending platform that processed over $60 billion in trading volume in 2025, saw its co-founder and CEO Nicholas Hammer step down from his position. The firm subsequently froze customer deposits and withdrawals in February, with industry sources indicating the company is actively seeking a buyer following market downturns.

The concurrent crises affecting prominent crypto personalities and platforms underscore the reputational and operational challenges facing the digital asset industry as it navigates regulatory pressure and internal governance issues.