Ben Armstrong Steps Away from Daily Crypto Show as Legal and Financial Pressures Mount

Ben Armstrong, the once-prominent crypto personality who built a massive following under the “Bitboy” banner, has made the difficult decision to halt his daily livestream after three years of consistent broadcasting. In a candid video shared on his personal YouTube channel, Armstrong revealed that the financial burden of maintaining the show had become unsustainable, with production costs running approximately $25,000 weekly. He also disclosed that his legal expenses have climbed to roughly $100,000 per month, creating a perfect storm of financial strain.

“We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle,” Armstrong stated in the emotional address, which drew over 18,000 views by late Wednesday. “Everyone I know is coming after me right now.” His announcement marked the end of an era that had defined much of his public presence since entering the crypto space in 2018.

The Meteoric Rise and Sudden Collapse of a Crypto Influencer

Ben Armstrong initially gained prominence as “Bitboy,” publishing sleek, engaging videos about cryptocurrency price movements and market trends. His content, featuring bold headlines such as “Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE,” resonated powerfully with retail traders seeking both analysis and entertainment. The channel accumulated thousands of dedicated viewers who relied on Armstrong’s commentary for trading insights and market perspective.

This influence culminated in a significant milestone: Armstrong launched his own cryptocurrency token, $BEN coin, in mid-2023. However, the venture quickly unraveled. Following serious allegations regarding his personal conduct, Armstrong was removed from the BitBoy project shortly after the token’s debut. What followed was a cascade of unfortunate events—Armstrong pursued legal action against the company controlling the BitBoy brand, public revelations about an extramarital affair involving the CEO of BEN Coin, and his arrest at a former business associate’s residence. Remarkably, multiple crises unfolded during a single livestream, cementing what had become a spectacular public downfall.

The Broader Crypto Industry Struggles with Leadership Exits

Armstrong’s departure from daily content creation is not an isolated incident within the industry. The crypto sector has witnessed significant leadership transitions recently. Blockfills, a Chicago-based cryptocurrency lending platform that processed over $60 billion in trading volume during 2025, has also undergone major upheaval. Co-founder Nicholas Hammer stepped down from his position as CEO, and the platform subsequently froze deposits and withdrawals on February 11. According to sources, certain clients received advance warnings to withdraw their assets, suggesting internal awareness of deteriorating conditions. The company is reportedly seeking a buyer as it navigates a challenging market downturn.

These parallel crises highlight the volatility and pressure facing figures and institutions within the cryptocurrency ecosystem, particularly as market conditions tighten and scrutiny intensifies.

Looking Forward

Ben Armstrong’s decision to wind down daily broadcasting represents a significant turning point for both his personal brand and his followers. The three-year run of consistent Monday-through-Friday broadcasts, through bull markets, crashes, and various personal tribulations, had become his defining professional undertaking. While he initially promised to miss the engagement with his audience, his departure underscores the harsh realities of operating as a public figure in a nascent, highly litigious, and unpredictable industry.

For Ben Armstrong and others navigating similar challenges, the path forward remains uncertain, defined primarily by legal obligations and financial recovery rather than creative pursuits.