- Ben Armstrong is worked up in regards to the CFTC subpoena in opposition to Hit Community.
- Armstrong parted methods with Hit Community final yr after variations.
- The CFTC subpoena covers 15 tokens, together with the BEN meme coin.
Crypto influencer Ben Armstrong, often known as “BitBoy,” expressed pleasure over a CFTC subpoena issued to his former firm, Hit Community. The CFTC reportedly issued a subpoena to Hit Community, requesting particulars of exercise concerning 15 tokens, together with Armstrong's BEN meme coin.
In response to inquiries in regards to the CFTC subpoena, Armstrong claimed he had been warning individuals about potential issues with Hit Community for over a yr however was largely ignored by the crypto neighborhood. BitBoy's feedback relate to a disagreement with a former accomplice at Hit Community, with the 2 having severed their enterprise relationship over a yr in the past.
Hit Community's present CEO, TJ Shedd, fired Armstrong from the corporate in August 2023 as a result of alleged substance abuse. The firing led to disagreements between the 2 events, and Armstrong was arrested after exhibiting as much as Shedd's home to retrieve a disputed Lamborghini. Armstrong later admitted to taking slimming capsules and steroids, however denied taking exhausting medicine. Nonetheless, he’s presently in litigation with Hit Community over his departure from the corporate and possession of the automobile.
The CFTC's investigation into Hit Community is aimed toward uncovering potential cryptocurrency fraud linked to fifteen tokens, together with the BEN meme coin, created in Could 2023 by an nameless influencer often called ben.eth. The subpoena, dated July 16, seeks details about buying and selling exercise and digital wallets associated to these tokens.
Armstrong was the face of Hit Community throughout his tenure. He frequently hosts YouTube movies and endorses tokens that he claims will enrich viewers. One of many tokens listed within the subpoena, BEN, was created on Could 5, 2023 by an nameless influencer often called ben.eth.
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