ChainCatcher news, according to The Block, the U.S. CFTC is investigating possible cryptocurrency fraud activities conducted by unknown individuals, which may involve 15 tokens including the memecoin BEN. The agency issued a subpoena to the cryptocurrency-focused media company Hit Network on July 16, which had previously hired Ben "BitBoy" Armstrong as a spokesperson. The subpoena requests information about the trading activities and digital wallets related to these 15 tokens, including the BEN memecoin associated with Armstrong. Armstrong had recommended the other 14 tokens in YouTube videos (mainly before the establishment of Hit Network), suggesting them as potential purchases.

ChainCatcher news, Ben Armstrong, the founder of the Web3 YouTube channel BitBoy Crypto, posted a video on YouTube stating that his daily program discussing cryptocurrency trends is no longer financially viable. Not only does it cost $25,000 per week to produce the videos, but it will also incur about $100,000 in legal fees each month.

ChainCatcher news, according to The Block, online records from the Gwinnett County Sheriff's Office show that Ben Armstrong, founder of the Web3 YouTube channel BitBoy Crypto, was arrested yesterday while attempting to confront a former business partner, but no charges have been listed at this time.

ChainCatcher news, according to The Block, the lawsuit against Youtuber Ben Armstrong regarding FTX has been dismissed. Additionally, defendants including NFL star Trevor Lawrence and KOL Kevin Paffrath, along with Tom Nash, have chosen to settle, but the terms of the settlement have not been disclosed.Furthermore, court documents show that the plaintiff's lawyers are in discussions with other defendants and may reach additional settlement agreements.

ChainCatcher news, BitBoy Crypto stated on social media that its parent company BJ Investment Holdings has taken legal action to remove Ben Armstrong (founder of BitBoy Crypto) from the company, specifically from the BitBoy Crypto brand.The company stated that this decision was made after long efforts to help Armstrong overcome substance abuse and to reconcile the various damages caused to Hit Network and BitBoy Crypto community employees.

ChainCatcher news, ZachXBT tweeted that Youtuber Ben Armstrong (BitBoy Crypto) Twitter account has been hacked, and $700,000 has been stolen. The attack on this Twitter account is consistent with previous hackers. (Source link)

ChainCatcher news, according to Decrypt, crypto KOLs such as Ben Armstrong, founder of BitBoy Crypto, and YouTube blogger Gabriel Haines spontaneously went to the Bahamas to search for former FTX CEO Sam Bankman-Fried (SBF) after the collapse of FTX.It is reported that since last September, FTX has been headquartered in the Bahamas and operating from a luxurious penthouse apartment at the Albany Resort. Ben Armstrong posted a live video of himself walking around the resort but was ultimately denied entry by the staff. Meanwhile, Gabriel Haines is currently on his way to the Bahamas after crowdfunding $10,000 in the crypto community through Juicebox. Additionally, flying to the Bahamas to chase SBF has become a meme on crypto Twitter. (Decrypt)