YouTuber Sues Hit Network CEOs for Alleged Company Takeover and Fraud

YouTuber Ben Armstrong filed a lawsuit against Hit Network CEO Timothy Shedd Jr. and Sr. for removing him from the media company he created.
Armstrong remains majority shareholder of the parent company, but alleges the Shedds conspired to steal the company and divert funds.
The lawsuit alleges fraud and monthly ad revenue around $1 million. Armstrong seeks damages, injunction, and return of control.
Shedd's termination letter alleges Armstrong physically and verbally abused staff and used steroids/drugs.
Despite lawsuit, Hit Network rebranded Armstrong's YouTube channel "Bitboy Crypto" to "Discover Crypto" this week.

decrypt.co

Relevant topic timeline:

8/28/2023

BitBoy Crypto brand will no longer include YouTuber Ben Armstrong

Crypto influencer Ben Armstrong has been cut ties with by the parent company of "BitBoy Crypto" due to alleged substance abuse and financial damage to employees, following his involvement in a class-action lawsuit and controversial behavior towards high-profile figures.

8/28/2023

YouTuber Ben Armstrong Fired From Bitboy Crypto

Prominent crypto YouTuber Ben Armstrong has been fired from Bitboy Crypto for financial damage and substance abuse, according to an announcement made by the company.

9/26/2023

Crypto Influencer Arrested During Bizarre Livestream Outside Former Associate's Home

Crypto influencer Ben "BitBoy" Armstrong has been arrested after livestreaming outside the house of a former business partner, accusing him of having his stolen Lamborghini.

9/29/2023

Former Crypto Influencer Ben Armstrong Arrested After Ripple Donation Controversy; SEC's Gensler Omits Ripple Lawsuit in Oversight Testimony

Former influencer Ben Armstrong, also known as BitBoy, was arrested for loitering after being fired from the HIT Network and asking for XRP donations; the network then lost another influencer, Frankie Candles, amid tensions. Meanwhile, SEC Chair Gary Gensler omitted mentioning a judge's ruling on Ripple's XRP sales in his speech, and Ripple appointed a new US policy chief. Additionally, analysts predict a downside for Ethereum, and Google now provides BigQuery support for multiple blockchains.

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Posted 9/12/2023, 8:44:11 PM

YouTuber Sues Hit Network CEOs for Alleged Company Takeover and Fraud

YouTuber Ben Armstrong filed a lawsuit against Hit Network CEO Timothy Shedd Jr. and Sr. for removing him from the media company he created.
Armstrong remains majority shareholder of the parent company, but alleges the Shedds conspired to steal the company and divert funds.
The lawsuit alleges fraud and monthly ad revenue around $1 million. Armstrong seeks damages, injunction, and return of control.
Shedd's termination letter alleges Armstrong physically and verbally abused staff and used steroids/drugs.
Despite lawsuit, Hit Network rebranded Armstrong's YouTube channel "Bitboy Crypto" to "Discover Crypto" this week.

decrypt.co

Relevant topic timeline:

8/28/2023

BitBoy Crypto brand will no longer include YouTuber Ben Armstrong

8/28/2023

YouTuber Ben Armstrong Fired From Bitboy Crypto

Prominent crypto YouTuber Ben Armstrong has been fired from Bitboy Crypto for financial damage and substance abuse, according to an announcement made by the company.

9/26/2023

Crypto Influencer Arrested During Bizarre Livestream Outside Former Associate's Home

Crypto influencer Ben "BitBoy" Armstrong has been arrested after livestreaming outside the house of a former business partner, accusing him of having his stolen Lamborghini.

9/29/2023

Former Crypto Influencer Ben Armstrong Arrested After Ripple Donation Controversy; SEC's Gensler Omits Ripple Lawsuit in Oversight Testimony