• A cryptocurrency influencer issued a warning message about Bitboy’s pre-sale venture.
• He expressed disbelief on the $10 million raised thus far.
• Bitboy will defend BEN Coin and be certain that the neighborhood advantages from LOYAL.

In a current tweet that induced a stir within the crypto neighborhood, distinguished influencer Crypto Tony warned towards a pre-sale venture led by crypto character Ben Armstrong, also called Bitboy. despatched a message.

The influencer expressed shock on the amount of cash collected thus far by BEN.ETH, the token related to Armstrong’s newest enterprise known as LOYAL. Particularly, roughly 2,000 Ethereum (ETH) tokens value over $10 million have been deposited into the BEN handle in query.

With some disbelief, the influencer warned his followers to not ship cash to Mr. Armstrong, highlighting the irrationality of such conduct. Some take into account it a raffle, please take into account Quaint cash laundering scheme.

The declaration got here at a time when Mr. Armstrong took over management of the BEN Coin venture, which primarily operates as a memecoin.

In response to considerations raised, Armstrong clarified the scenario on Twitter. He assured the neighborhood that BEN coin, the principle focus of his efforts, would profit from the LOYAL venture.

Armstrong steered that the connection and imaginative and prescient behind the 2 initiatives will finally develop into clear to BEN Coin followers. The tweet additional emphasised Armstrong’s intention to strengthen the “Ben Nation” by working with the Ben neighborhood.

As Coin Version reported earlier this month, Ripple’s CTO David Schwartz echoed the sentiment that the BEN memecoin venture is a possible set off.

In a tweet, Schwartz expressed concern about Armstrong’s resolution to hitch the group, suggesting a hyperlink between Armstrong’s involvement and attainable fraud.