BitBoy's $BEN Token Gamble Backfires—Now Facing Class-Action Lawsuit

Remember when BitBoy Crypto was shilling $BEN like it was guaranteed moon? Yeah, that’s not aging well.

Ben Armstrong (BitBoy’s real name) is now in hot water with investors filing a class-action lawsuit over the $BEN token promotions. The accusations? He promised life-changing returns, investors bought in, and many got rekt instead.

But here’s where it gets messier:

The regulatory angle: The CFTC isn’t just sitting idle—they’re investigating potential fraud involving $BEN and 14 other cryptocurrencies that Armstrong promoted. On August 3, they subpoenaed Hit Network (a company Armstrong was once affiliated with) to dig into trading activities and wallet connections.

Armstrong’s defense: He admits he accepted payments for token promotions and acknowledges some were scams, but claims the shilling was “unintentional.” Make of that what you will.

The timeline: Armstrong became CEO of $BEN (launched May 2023 by ben.eth) but stepped down by June 2023. His involvement caused such friction at Hit Network that he was removed as host by August 2023.

Extra chaos: On top of this, Armstrong’s dealing with substance abuse allegations, a Lamborghini dispute with an ex, and a defamation lawsuit against fellow influencer Atozy that he later dropped.

The takeaway? This is a textbook case of why you shouldn’t FOMO into coins just because some YouTube personality tells you to. The dude’s reputation is in freefall, and the legal bills are probably getting spicy.