Ben Armstrong abandons his daily cryptocurrency livestream after three years of continuous broadcasts

The financial crisis and legal proceedings are forcing the well-known crypto influencer to stage a farewell: production costs have become unsustainable, and massive legal expenses are pushing toward an inevitable decision. In an emotional video posted on his YouTube channel, former “Bitboy” revealed that maintaining the daily program required unsustainable funding, with daily costs reaching astronomical figures: about $100,000 a month just for legal fees, while the show’s production absorbed an additional $25,000 weekly.

Ben Armstrong Overwhelmed by Legal and Financial Problems

In the video broadcast Wednesday evening, lasting about ten minutes and viewed by around 18,000 users, the content creator expressed his resignation in straightforward words: “We’re just managing to get by, guys. Lawyers are pursuing me from all directions,” he said. “Almost everyone I know is after me right now.” The situation has become simply unsustainable, turning what was his main activity into an unbearable financial burden.

From BitBoy Glory to Ben Armstrong’s Reputational Collapse

Ben Armstrong built his name starting in 2018 as “Bitboy,” an energetic personality in the crypto scene who posted price predictions and news with sensational headlines like “EARN IMPOSSIBLE PROFITS with Bitcoin SUPERCYCLE.” His videos generated tens of thousands of views and targeted that segment of the crypto trading audience interested in financial advice and entertainment. This success led him to launch his own cryptocurrency, the $BEN token, in mid-2023.

However, shortly after the token’s debut, Ben Armstrong was removed from the project due to “serious personal accusations,” according to specialized media like Decrypt. The situation quickly worsened: Armstrong took legal action against the company owning the BitBoy brand, while disturbing details emerged, including a relationship between Armstrong and the CEO of BEN Coin, followed by an arrest at the residence of a former business partner — both incidents occurring within the same timeframe.

The Crypto Industry Under Pressure: Not Just Ben Armstrong

Alongside Ben Armstrong’s personal troubles, the crypto sector is facing further turbulence. Nicholas Hammer, co-founder of the lending platform Blockfills, resigned from his role as CEO. The company, based in Chicago and which handled over $60 billion in trading volume in 2025, has encountered increasing difficulties. Some clients were urged to withdraw their assets before the platform froze deposits and withdrawals on February 11. It is said that the company is currently seeking a buyer, affected by the broader recession impacting the market.

Ben Armstrong’s story exemplifies how fortunes built in the crypto world can quickly collapse when personal and corporate scandals intersect with regulatory and legal challenges in the sector.