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Bitboy Ben Armstrong Fears for His Life as he Names Alleged Money Launderers

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Teuta Franjkovic
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Key Takeaways

  • Armstrong has made explosive accusations, implicating individuals in a “money laundering ring.”
  • The allegations involve a web of relationships, with Armstrong citing various crypto industry figures.
  • Armstrong is determined to pursue legal action to address the alleged wrongdoings and recover his assets.

Ben Armstrong, more widely recognized as BitBoy Crypto, has consistently been a polarizing figure, and currently appears to be expressing concerns for his personal safety.

In a recent tweet , he conveyed a sense of fear, mentioning that there are individuals who may wish harm upon him. He urged that if any unfortunate incident were to occur, people should be aware of where to direct their inquiries.

BitBoy Crypto’s Ben Armstrong Points Fingers

The continuous conflict between Ben Armstrong and Hit Network, the company that owns “BitBoy Crypto” brand, relates to the most recent fiasco. In August, the company and its officials severed their relationship with Armstrong, citing concerns about substance misuse and employee financial harm.

Now, Armstrong literally claimed  the members of the “money laundering ring”, Brian Evans and Daniel Gouldman, will be the ones to look at if he gets killed.

Even though Armstrong didn’t specifically say who are the two men, he stated they had no commercial dealing with him but that they work together with “money launderer, scammer, thief, and pump and dumper” Justin Williams.

“I was about to figure it out, which is why I was ejected from the building by HitNetwork and VoomioNFT.”

Justin Williams is the founder of Voomio, a multi-chain aggregating NFT marketplace, and also a founding member of Bitboy Crypto/Hit Network. Williams has actively participated in blockchain and crypto since 2017, earning recognition as a pioneer in the web3 and NFT space, but he also faced allegations of being a money launderer.

For Gouldman, Armstrong said that he had intimidated him and dispatched some of his contacts to try to phish for information from him.

The best buddy of Justin Williams, a former member of Enjin, Caleb Applegate, is also someone to keep an eye  on , according to Armstrong.

“He would always lay the Christian stuff on thick with me. Using religion against you is a strategy these people use. He’s coincidentally been reaching out to me also.”

Other people “within the ring”, says Armstrong, are:

Armstrong added : “Clearly according to the police report I was neither or drugs nor in possession of drugs.” He finds it amusing that everyone believes he is high on cocaine as a result of a story that surfaced during his arrest.

Just for a reminder, the parent business of BitBoy Crypto and Hit Network, BJ Investment Holdings, fired Armstrong in August of this year on the grounds that he was abusing drugs and had caused “emotional, physical, and financial damage.”

From that day on, Armstrong didn’t stop the fight, claiming they stole his Lambo which will now allegedly return to him:

“And don’t worry, their chickens are coming home to roost. Every false accusation on the internet falls back on them and this will be compounded in court. It will only be less than 2 weeks before TJ and Carlos are in jail for the Lamborghini and the truth will leak out.”

Conspiracy Theories Abound With CEO Deaths

Nevertheless, the sudden deaths of some of the largest cryptocurrency CEOs in less than a week has sparked a wave of conspiracy theories and stories suggesting nefarious connections between their demise and the deaths of other billionaires and multimillionaires in the sector throughout the years.

The untimely deaths of these crypto-industry millionaires and billionaires have given rise to conjecture and conspiracy theories regarding the circumstances of their passing.

These odd occurrences gave rise to several conspiracy theories in the crypto community.

The co-founder of MakerDAO, Nikolai Mushegian, was discovered dead on a Puerto Rican beach a few hours after tweeting that he was being pursued by intelligence services, which set off the spiral towards the end of October 2022. Broker Javier Biosca was the second billionaire to pass away; he was discovered dead in Estepona, Spain, on November 22.

Tiantian Kullander, a co-founder of Amber Group, passed away inexplicably while sleeping on November 23. The Russian billionaire in cryptocurrency, Vyacheslav Taran, perished in a helicopter crash two days later.

In addition to these four strange deaths, Park Mo, vice president of Vidente and the biggest shareholder of South Korean cryptocurrency exchange Bithumb, was discovered dead in front of his home early on December 30. This death grabbed headlines.

Regardless of the circumstances, Armstrong might come across as “excessive.” Nevertheless, any threat to one’s life should not be dismissed lightly.

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Teuta is a seasoned writer and editor with more than 15 years of experience. She has expertise in covering macroeconomics and technology as well as the cryptocurrency and blockchain industries. She has worked for several publications as a journalist and editor, including Forbes, Bloomberg, CoinTelegraph, Coin Rivet, CoinSpeaker, VRWorld and Arcane Bear. Teuta began her professional career in 2005, working as a lifestyle writer at Cosmopolitan in Croatia. From there, she branched out to several other publications, covering mainly business and the economy. She then turned her attention to the world of cryptocurrency and blockchain, believing that crypto is among the most important inventions in the history of humanity. Her involvement in fintech began in 2014 and she has since lent her expertise in writing, editing and gathering information about the world of crypto, blockchain, NFTs and Web3. An all-round news hound, mentor, editor, and writer, Teuta enjoys teamwork and good communication. She holds a WSET2 diploma and has a thing for chablis, punkrock music and shoes. She also holds a double MA in Political science and Entrepreneurship.
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