BitBoy Crypto Collapse Deepens as New Legal Problems Surface For Ben

[Ben Graham]

BitBoy Crypto had over $40M and blew it. I sent him some of a shitcoin I bought recently that will ostensibly 1000x to bail him out when it moons. Will it work?

No. But anywho, Ben Armstrong, known as “BitBoy,” was a prominent, albeit somewhat infamous, crypto influencer who experienced a significant downfall due to a series of legal, professional, and personal issues.

For those who didn’t watch his downfall live, here’s a summary of what happened:

• Arrests: Florida officers hauled him in first, accusing him of firing off threatening emails to intimidate a judge. Three months later, Georgia deputies picked him up again on six counts tied to harassing phone calls against another victim.
• Defamation Lawsuit: Shark Tank’s Kevin O’Leary dragged him into federal court after Armstrong labelled him a “real-life murderer.” The case is ongoing in the US District Court for the Southern District of Florida.
• CFTC Subpoena: In mid-2023, the Commodity Futures Trading Commission (CFTC)  subpoenaed his old HIT Network over alleged token-promotion fraud linked to BEN and DistX.

Crypto YouTube and Twitter, of course, consider this guy the king of grifters, so what’s he up to heading into 2026?

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What’s Next For BitBoy Crypto in 2026?

(Source: Polymarket)

BitBoy Crypto has entered the final stage of a very public unravelling. Armstrong spent October and November 2025 battling intensifying legal pressure, financial distress, and a dwindling online presence.

The latest setback arrived in October, when court filings in Florida confirmed that Armstrong’s March 2025 felony case for allegedly threatening a federal judge is moving toward trial. Prosecutors added new evidence in November tying Armstrong’s emails to a pattern of harassment that continued even after his earlier arrest in Cherokee County, Georgia.

“The defendant demonstrated escalating threatening behavior,” prosecutors wrote. Additional monitoring has been recommended,” investigators said in a November update.

no SHOT bitboy's downfall is reaching mainstream audiences lmaoooooohttps://t.co/ooyY5o5Gt9 pic.twitter.com/ZHJ6RBkxpw

— DedCatson (@DedWhaleson) November 27, 2025

At the same time, Armstrong’s defamation battle with Kevin O’Leary entered a more combative phase. A November filing from O’Leary’s legal team argues that Armstrong’s public meltdown proves “malice and reckless disregard,” strengthening the Shark Tank host’s claims.

Financially, Armstrong is reportedly close to insolvent. Blockchain analysts noted that wallets previously linked to Armstrong have been nearly drained since late October, while former collaborators on X claim he has been “selling everything not bolted down.”

Damn. RIP, bro.

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What Can Be Learned From BitBoy’s Downfall?

Crypto Fear and Greed Chart

All time 1y 1m 1w 24h

Don’t invest in influencer crypto. Kidding. Well, partly.

Much of Twitter and YouTube are having this response, framing his downfall as a cautionary tale about influencer excess and crypto scams. And honestly, who can blame them? The once-dominant BitBoy brand has become a symbol of the industry’s darker, more chaotic side.

So say what you want about people like Real Vision Founder Raoul Pal, ETH founder Vitalik Buterin, or even Bitcoin Evangelist Michael Saylor, but the hate is intense. People worshipped SBF, BitBoy Crypto, and CZ Binance, who are constantly teetering on the edge of scamming their followers. God forbid one guy just buys Bitcoin and holds it man. Be careful who you follow folks!

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Key Takeaways

• Ben Armstrong, known as “BitBoy,” was a prominent crypto influencer who experienced a significant downfall, so what’s next?
• The once-dominant BitBoy brand has become a symbol of the industry’s darker, more chaotic side.

The post BitBoy Crypto Collapse Deepens as New Legal Problems Surface For Ben appeared first on 99Bitcoins.