Imagine making a huge fortune by defrauding followers, losing them, and turning your life upside down 😱
This person in front of us is named Ben Armstrong
He had a fortune estimated at $40 million and great media power in #digital_currencies, but he lost everything
🧵Follow the story of his rise and fall 👇
1/🧵
Even before Crypto, the master was causing problems 😐
In 2006, he was arrested for driving under the influence of alcohol
In 2007, he quarreled with 6 policemen and suffered a drug overdose
2/🧵
In 2009, he joined a Christian college
After graduating, he became the director of a drug rehabilitation center
After several business attempts to succeed, he found the way
The name he is most famous for: BitBoy
3/🧵
It worked very simple cryptocurrency news content with almost no modification
But in the beer market, he was no longer interested in digital currencies and turned into a content creator on TikTok
(Like some of our young men who come to the supermarket and hide until the supermarket comes 😐)
4/🧵
Then the bull market came back and Ben came back
This time his channel started to become famous
As it is said: The greater your influence, the greater your responsibility
So when Ben started promoting currencies, most of which were scams, he faced bad reactions
The currencies he promoted 👇
5/🧵
In 2020, he published some paid videos and tweets, including:
MYX (installation)
DISTX (installation)
ETHY (accusative)
CPY (slow rug installation)
PAMP (installation)
ZAO Finance (installation)
And many currencies
He made a fortune and this is his price list at the time 👇
6/🧵
Year 2021 - 2022
He continued in the same way by scamming his followers with stolen content and scam ads
But everything has limits
And here its end and descent began
7/🧵
In 2022, Bitboy followed the well-known founder of FTX, Sambankman, when it collapsed, to the Bahamas
After a month, SWAT forces raided them and things started to get worse
8/🧵
In March 2023 Ben faced a class action lawsuit worth $1B$ billion 😯
In June, he made his famous deal when he bought all BEN coins for $1000 ETH and promised his followers that he would not sell until after 6 months.
But a quorum remains a fraud that sells and spends on its followers
In August, he was fired from his company, Bitboy Crypto
September was the craziest month
9/🧵
He went to confront an ex-boyfriend about his Lamborghini
But shortly after, he was arrested with his girlfriend and with a weapon in his car
10/🧵
He spent the night in jail and posted bail of $2,600
He got divorced from his wife
He was sued by his own company (Bitboy Crypto)
He started liquidating and selling everything, cars, watches, and even NFTs as well
He even launched a donation campaign (raising $200,000 from idiots).
11/🧵
In January 2024, he went to the Securities Commission and made a broadcast until Bitcoin funds were accepted 😂
In February, he fought his first influencer fight and won
He now has more than 100,000 subscribers on his new YouTube channel
Recently he won another fight
12/🧵
This is his story of his rise and fall, and now he is trying to emerge again (I hope he does not appear)
This is the end of every scam, losing everything
