Crypto influencer Ben Armstrong, higher often known as “Bitboy,” has secured $59,000 in fast crowdfunding amid authorized battle, sparking neighborhood backlash.
Armstrong tweeted an emotional video earlier as we speak, pleading with the crypto neighborhood for donations. He disclosed the emotional and monetary pressure he has been enduring because of the ongoing authorized dispute with Hit Community.
Citing situations of blackmail, public humiliation, and even dying threats, Armstrong articulated that he’s present process “probably the most harrowing expertise” of his existence. He contended that Hit Community has left him financially bereft, thereby crippling his means to proceed the authorized battle with out exterior help.
On the time of writing, the Ethereum handle linked for donations exhibits a stability of $59,788, accrued from 97 separate transactions. The crypto neighborhood, nevertheless, is outraged by these proceedings.
Are crypto donations getting out of hand?
The fundraising transfer has been met with scathing criticism from varied corners of the crypto world. Notable figures like ZachXBT, a blockchain investigator, highlighted Armstrong’s current show of a Rolex watch, questioning the YouTuber’s sincerity. A number of customers have indicated that Bitboy owns a Lamborghini, which makes it odd that folks would nonetheless donate to him. Though Armstrong has said that his automotive has been extorted by folks affiliated with the case, no impartial proof has surfaced to verify the assertion.
The favored buying and selling advisor utilizing the pseudonym Satoshi Flipper expressed deep frustration over folks supporting Armstrong’s trigger. CoinMamba, one other pseudonymous dealer, was extra direct, advising, “There are probably higher avenues to your monetary contributions than aiding BitBoy.”
The donations to Armstrong come at a time when different exchanges and platforms are actively donating crypto to help victims of the current earthquake in Morocco. The neighborhood is criticizing donors for giving their cash away to Armstrong when a disaster affecting hundreds of individuals continues to be unfolding.