Financial Crisis and Legal Battles End Three Years of Live: How Bitboy Crypto Reached Its Limit

Ben Armstrong, the energetic influencer in the crypto industry best known as Bitboy Crypto, announced the closure of his famous daily livestream after three years of uninterrupted broadcasts. In an emotional video posted on his personal YouTube channel, Armstrong revealed that maintaining a daily programming format dedicated to crypto trends had become financially devastating for his operation.

When Livestreaming Becomes Unsustainable: The Math of Sustainability

Numbers tell a story of relentless decline. Armstrong stated that his daily shows cost about $25,000 a week in production expenses. Add to that legal fees, which amount to approximately $100,000 per month—a figure that clearly illustrates the scale of the problems he faces. “We’re barely getting by, guys,” he admitted in the ten-minute video that garnered thousands of views. “We have lawyers attacking me from all directions. Basically, everyone I know is after me right now.”

The financial sustainability of a daily crypto livestream format has always been a complex challenge. Even for creators with millions of followers, maintaining a daily production schedule with consistent quality requires significant investment. In Armstrong’s case, the economic model proved simply unsustainable, especially under increasing legal pressures.

From Viral Phenomenon to Controversy: The Rise of Bitboy Crypto

Armstrong built his following starting in 2018, when he began posting technical analysis videos and price predictions with provocative titles like “IMPOSSIBLE Gains with Bitcoin SUPERCYCLE.” His content resonated particularly with retail traders enthusiastic about the crypto community, attracted by his energetic style and the promise of extraordinary returns.

The popularity of this communication strategy led him to expand his entrepreneurial universe. In 2023, Armstrong decided to venture into the world of proprietary tokens, creating the $BEN coin. However, the project was shrouded in controversy from the start. Shortly after the token’s launch, Armstrong was removed from the project bearing his name due to what were described as “serious and personal accusations.”

The BEN Coin Chaos: When Personal Business Intertwines

What followed was a series of confusing and unsettling events. Revelations emerged that Armstrong was involved in a relationship with the CEO of the company behind BEN Coin. During the same period, he was arrested at the residence of a former business partner—details that further fueled media chaos surrounding his name. The legal disputes that ensued led Armstrong to sue the parties involved in managing the BitBoy brand.

These combined events triggered a storm of legal issues that continue to weigh on his finances and reputation. Each legal battle brought escalating costs, turning what was once a career as an influencer into a labyrinth of litigation.

The Farewell Message: The End of an Era for Bitboy Crypto

In his announcement, Armstrong expressed nostalgia for the years spent broadcasting daily, sharing moments of market crashes, bull run peaks, and epic rants with his viewers. He chose to end this chapter of his professional life acknowledging that circumstances—financial and legal—no longer allowed him to continue. The former Bitboy Crypto stands as a symbolic case of how digital creators in the crypto sector can become trapped between the economic pressures to stay relevant and the personal consequences of their own entrepreneurial choices.

Meanwhile, other news stirs the industry. Nicholas Hammer, co-founder of Blockfills, has resigned as CEO of the crypto lending platform. The Chicago-based company, which handled over $60 billion in trading volume, is experiencing difficulties and is said to be seeking a buyer after some clients were prompted to withdraw their assets during a deposit freeze.