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Market News

Bitboy’s Controversial Remarks on HIT Network

Hit Network began laying off workers and reducing their salaries in exchange for their loyalty, as per Ben.

Written By:
Jalpa Bhavsar

Last updated: October 23, 2023 10:16 AM
Published 2023-10-23
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Bitboy's Controversial Remarks on HIT Network

Ben Armstrong, also known as Bitboy, has made offensive remarks about HIT Network, a group of creators specializing in Web3 and cryptocurrency entertainment and education.

Ben noted what Hit Network had said about him via a tweet: The company cannot survive with Ben. However, Hit Network faces challenges after his departure. He revealed that Hit Network lost a $9 million contract and all its major sponsors. Also, Hit Network began laying off workers and reducing their salaries in exchange for their loyalty. 

Additionally, he stated that the company is preparing to announce a complete business restructuring in an attempt to raise funds. While giving such details against Hit Network, Ben cited, “Yea it’s sad to watch a bunch of pathetic backbiting scum steal and destroy what I built.”

Ben Armstrong, also known as BitBoy, was the founder of Hit Network. However, he was removed from the company by the Hit Network CEO. Armstrong filed a lawsuit against them for what he alleges was the unlawful removal from the media company.

During an interview in September, TJ Shedd, the CEO of Hit Network, revealed that Hit Network is ready to offer a buyout deal to Ben.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.

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