Home Bitcoin Ripple CTO Addresses Controversy Surrounding BitBoy’s BEN Token Promote-Off

Ripple CTO Addresses Controversy Surrounding BitBoy’s BEN Token Promote-Off


The crypto house is effervescent with many feedback and reactions concerning the sale of BEN tokens by the well-known crypto influencer Ben Armstrong, also referred to as BitBoy.

One of many notable reactions got here from the Ripple Labs CTO, David Schwartz, who disclosed that his lack of belief within the YouTuber goes far again previously. 

BitBoy Accused Of Dumping BEN Token

Armstrong allegedly bought off his BEN tokens, a newly launched crypto asset he controls. As reactions on social media platforms intensified, Schwartz revealed his dislike for BitBoy.

The CTO responded to a tweet on Might 18 implying that Armstrong operated as a scammer by promoting off the tokens even when he promised by no means to take action.

Schwartz boldly acknowledged that, “I used to be hating on him earlier than it was cool.” This indicated that Schwartz’s unfavorable view of Armstrong dates again to the previous, even earlier than the current incident.

A Web3-based company legal professional and the Founder and Precept lawyer of Givner Regulation agency, Ariel Givner, additionally shared a Twitter post about an interview with BitBoy on Might 14.

In the course of the interview, Armstrong reportedly talked about that he had no intention of promoting BEN tokens. Givner disclosed how BitBoy expressed his belief and dedication to the BEN venture. She additionally recalled that BitBoy revealed plans to keep up his holdings concerning his shut ties with the venture.

Moreover, the YouTuber had earlier stated that he had not locked his BEN tokens deliberately. To him, it’s a method of pissing off his haters that consider he’s dishonest, a scammer, and a grifter. However according to Givner, the YouTuber contradicted his phrases and bought all of the BEN tokens in his holding.

She alleged that Armstrong disposed of all his BEN tokens for about 45 ETH by a number of transactions. Whereas offering proof of the transactions, Givner retorted that it’s “A story as outdated as time.”

BitBoy Denies Dumping The Tokens

Armstrong has denied allegations of dumping the BEN venture. The crypto influencer defined that he moved the tokens to generate funds for financing a deal that includes the BEN Basis.

The YouTuber mentioned that the unique backer of the deal was delayed, so he bought off his tokens to step in and help it. In the meantime, BitBoy didn’t reveal the transaction, and his claims didn’t go down properly with most proponents.

Nonetheless, the on-chain knowledge supplier, Etherscan, highlighted transactions from the pockets handle linked to Armstrong. In keeping with the information, the YouTuber swapped about 1 trillion BEN tokens for nearly 45 ETH in three separate transactions.

BEN token tanks following the accusations l BENUSDT on Tradingview.com

Featured picture from Pixabay and chart from Tradingview.com

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