Ben Armstrong, known as BitBoy, once had it all: wealth, luxury cars, a huge fan base, and a loyal spouse
However, everything changed when he fell into hedonia
From millions to prison in just a moment
Here's how he rose, fell, and how to avoid his mistakes in one thread🧵👇
However, everything changed when he fell into hedonia
From millions to prison in just a moment
Here's how he rose, fell, and how to avoid his mistakes in one thread🧵👇
Let's start with an introduction:
• Ben Armstrong, also known as @BenArmstrongsX, is renowned as one of the top influencers in the crypto world
• Before he became deeply involved in crypto, Ben experienced some challenging moments
• Ben Armstrong, also known as @BenArmstrongsX, is renowned as one of the top influencers in the crypto world
• Before he became deeply involved in crypto, Ben experienced some challenging moments
In 2006, he was arrested for DUI, and in 2007, he was involved in an altercation with six police officers and suffered an overdose
In 2009, Ben enrolled in a Christian college and shortly after graduating, he assumed a directorial role at a drug rehabilitation center
In 2009, Ben enrolled in a Christian college and shortly after graduating, he assumed a directorial role at a drug rehabilitation center
Despite facing setbacks with various business ventures, he ultimately found success as a YouTuber & influencer
• During the bull run of 2021, Ben's channel started gaining considerable traction among crypto enthusiasts
As his influence grew, so did the weight of responsibility
• During the bull run of 2021, Ben's channel started gaining considerable traction among crypto enthusiasts
As his influence grew, so did the weight of responsibility
He promoted several projects on YouTube/Twitter, but many turned out to be scams or slow rugs, such as ZaoFinance, $CPH, $DISTX, $PAMP, $ETHY, $MYX, and numerous others
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Ben certainly profited handsomely from these projects, while his followers bore the financial losses
• Behaving in such a manner when you're highly popular is unwise
• If you can ascend swiftly to the peak, you can just as swiftly plummet from it
• Behaving in such a manner when you're highly popular is unwise
• If you can ascend swiftly to the peak, you can just as swiftly plummet from it
In 2022, a series of additional scams & unsuccessful projects marked the beginning of BitBoy's downfall
After the FTX collapse, BitBoy journeyed to the Bahamas in pursuit of SBF, documenting the pursuit via live stream
A month later, a special forces squad raided his location
After the FTX collapse, BitBoy journeyed to the Bahamas in pursuit of SBF, documenting the pursuit via live stream
A month later, a special forces squad raided his location
This marked a critical turning point
In March 2023, Ben confronted a $1 billion class action lawsuit
Consider this:
In June, he purchased $BEN for 1,000 ETH, a token he enthusiastically endorsed to his audience as a promising investment
In March 2023, Ben confronted a $1 billion class action lawsuit
Consider this:
In June, he purchased $BEN for 1,000 ETH, a token he enthusiastically endorsed to his audience as a promising investment
However, despite pledging to hold on to the tokens for six months, he swiftly sold them all
• By August, he had been ousted from his own media company
He confronted a former colleague about a Lambo, only to be swiftly arrested minutes later with his mistress & a gun in the car
• By August, he had been ousted from his own media company
He confronted a former colleague about a Lambo, only to be swiftly arrested minutes later with his mistress & a gun in the car
The consequences were stark:
• He spent a night in jail
• Started liquidating cars, NFTs & watches
• Appealed for assistance and donations
• Paid $2,600 in bail
• Went through a divorce
Against all odds, the unimaginable actually happened
• He spent a night in jail
• Started liquidating cars, NFTs & watches
• Appealed for assistance and donations
• Paid $2,600 in bail
• Went through a divorce
Against all odds, the unimaginable actually happened
Despite facing numerous challenges:
• Ben sent a humorous message to the SEC in January
• In February, he won his first influencer battle
• He now has over 118k subscribers on his new YouTube channel
• Ben sent a humorous message to the SEC in January
• In February, he won his first influencer battle
• He now has over 118k subscribers on his new YouTube channel
The main reason for his decline is problems with banned substances.
He had this issue for more than 15 years ago.
Perhaps thanks to them he became famous.
But they also destroyed him.
He had this issue for more than 15 years ago.
Perhaps thanks to them he became famous.
But they also destroyed him.
If you liked this thread:
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1. Subscribe to my TG channel, I'm planning to close it soon:
tinyurl.com
2. Jump back to the top of the thread and share with others 👇
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