Bitboy Crypto News: When Influencers Can't Keep Up with Legal Costs

Ben Armstrong’s abrupt exit from the daily content creation game signals a troubling trend in the cryptocurrency space. The prominent personality behind the Bitboy Crypto brand announced he is shutting down his weekday livestream after maintaining it for three consecutive years—a decision born not from creative exhaustion alone, but from mounting financial pressures that have become unsustainable.

Three Years of Daily Streams Come to an End

What started as a disciplined content factory—Monday through Friday uploads without exception—has become untenable. In an emotional announcement, Armstrong revealed that his crypto news and analysis videos were costing approximately $25,000 per week to produce, yet the financial returns no longer justified the investment. “We’re barely making it out here,” he stated during the video, which accumulated 18,000 views by late evening. The bitboy crypto news cycle that once generated consistent viewership and engagement has finally hit its breaking point.

The three-year run had made Armstrong a recognizable figure among retail crypto traders seeking price predictions and market commentary. His channel’s polished production values and sensational headlines—such as “Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE”—attracted tens of thousands of viewers who turned to his content for both trading guidance and entertainment.

The $100,000 Monthly Legal Bill Behind the Scenes

Armstrong’s statement revealed an even more damaging reality: he is spending approximately $100,000 monthly on legal fees. “Everyone I know is coming after me right now. Lawyers coming at me from every angle,” he explained, indicating multiple simultaneous legal challenges. These mounting defense costs have created an impossible equation where content revenue cannot offset litigation expenses.

This financial hemorrhaging traces back to events following the launch of his own cryptocurrency token, $BEN, in mid-2023. Shortly after the token’s debut, Armstrong was ousted from the BitBoy organization citing “serious and personal allegations,” according to reports. He subsequently filed suit against the company controlling the BitBoy brand, initiating a cascade of legal complications that continue to drain his resources.

From $BEN Coin Launch to Crisis: A Timeline

The $BEN token launch represented Armstrong’s attempt to capitalize on his personal brand—a common strategy among influential crypto personalities. However, what should have been a expansion of his influence instead became the catalyst for personal and professional chaos.

Following his removal from BitBoy, the bitboy crypto news ecosystem was filled with damaging revelations. Armstrong’s affair with the CEO of BEN Coin became public knowledge, and he was arrested at the residence of a former business associate—both incidents occurring during a livestream that amplified the personal catastrophe into a public spectacle. These compounding crises transformed Armstrong from a market commentator into the subject of industry gossip and legal proceedings.

Broader Crypto Lending Crisis Takes Another Victim

While Armstrong’s situation dominates recent bitboy crypto news cycles, the broader cryptocurrency sector faces parallel challenges. Blockfills, a Chicago-based crypto lending platform that processed over $60 billion in trading volume during 2025, experienced its own crisis. The company’s co-founder and CEO, Nicholas Hammer, has stepped down from his position as the platform froze deposits and withdrawals on February 11.

According to reports, some clients were encouraged to withdraw assets ahead of the freeze announcement, suggesting prior knowledge of the platform’s deteriorating condition. Blockfills is now reportedly seeking a buyer, joining a growing list of crypto infrastructure companies strained by market volatility and operational challenges.

Armstrong’s exit and Blockfills’ implosion illustrate a recurring pattern: ambitious crypto personalities and platforms struggle to maintain sustainability when facing regulatory scrutiny, legal obstacles, and market headwinds simultaneously. The bitboy crypto news of his livestream shutdown represents not merely a personal career shift, but a symptom of the industry’s ongoing structural challenges.