BitBoy Crypto faces backlash, prepares for a legal battle
Popular crypto YouTuber Ben Armstrong loses spot on Killer Whales podcast amidst alleged fraudulent FTX case.
Ben Armstrong, a YouTuber, podcaster, and creator of BitBoy Crypto, tweeted that he lost his spot on the Killer Whales podcast due to a fraudulent FTX case.
Despite upholding their integrity without wavering, some people, like Paul Caslin, have resorted to disseminating lies about the situation. Armstrong stated that all the people involved in his dismissal would regret not taking the side of truth and choosing to live in fear after he threatened to sue Adam Moskowitz.
Armstrong claims to have helped a lot of people out of FTX. He added that he met several people in Miami who claimed to have been saved by him.
The YouTuber stated that henceforth, Hourglass and The Next Crypto Gem were his two main partners who understand cryptocurrency and are familiar with him. According to Armstrong, Killer Whales is a losing program.
The FTX fraud case
FTX was one of the trading platforms that was launched by Sam Bankman-Fried in 2019. However, the platform collapsed towards the end of 2022. Users and investors lost billions of dollars due to what at first appeared to be a massive accounting error. It was found that customer funds were diverted from FTX and into accounts under the control of the Hong Kong-based cryptocurrency trading company Alameda Research. Following this admission, FTX started to fall apart.
The fall of FTX in November 2022 lasted ten days, from Nov. 2 to Nov. 12. Binance first declared that it would sell all of its FTT tokens due to the mishandling of funds.