Key Takeaways:
- Original BitBoy Ben Armstrong is suing his former company Hit Network again
- The popular yet controversial crypto influencer was removed from his company in August.
- He had already filed a lawsuit against his former colleagues in September.
YEREVAN (CoinChapter.com) — Ben Armstrong, known among crypto circles as BitBoy, is suing his former colleagues AGAIN. His massive fallout with Hit Network, a company he created, has become a public spectacle. Almost not a day goes by when he doesn’t post about them on social media.
In his latest post, Armstrong claims to have “just dropped” a fresh lawsuit on them. Whether he speaks from first-hand knowledge or speculates about their reaction is unknown. However, he seems confident that his suit has made Timothy “TJ” Shedd Jr and Justin Williams angry.
White TJ is the CEO of Hit Network, and Williams is the founder of Voomio, a multi-chain aggregating Nonfungible Token (NFT) marketplace. He is also a founding member of the firm that owns the BitBoy Crypto brand.
Armstrong, who relies on his fans and community to stay relevant, is cashing in on the fight with his buddies to keep the limelight on himself.
Ben Armstrong keeps suing Hit Network
The details of Ben Armstrong’s latest suit are still unknown. However, based on his past filings, we can guess what it is about.
In September, he filed a suit in Georgia against Hit Network CEO Timothy “TJ” Shedd Jr. and his father, Timothy Shedd Sr.
Armstrong alleged that the father-son dup wrongfully removed him from the media company he founded in 2018. In late August, he was kicked out of BitBoy Crypto.
According to media reports, the legal dispute also involved corporate entities BJ Investment Holdings (BJIH) as co-plaintiffs alongside Armstrong. Meanwhile, TJSJ Holdings, along with the Shedds, were named defendants.
Armstrong filed the initial lawsuit on Aug. 30. In the suit, he claimed to still maintain the majority of shares in the media company BJIH, the parent organization of Hit Network and the YouTube channel BitBoy Crypto.
Furthermore, the lawsuit argued that Armstrong’s fully-owned corporate entity, Better Than TJ LLC (BTTJ), holds 67% of the shares in BJIH. TJSJ allegedly owns the remaining 33%. However, he retracted this lawsuit only to re-file a new one on Sep. 12.
The suit further alleged that the duo had locked Armstrong out of all social media accounts of the company in a coup. The aim of this, according to the crypto influencer, was to take control of the company.
He accused his former business associates of misappropriating company funds for personal gain and engaging in fraudulent activities.
Earlier this week, Armstrong made a dramatic post on X claiming his former colleagues were conspiring to kill him. As long as the former “BitBoy” keeps posting, there won’t be a dull day on social media for his fans.
