- Armstrong sues for alleged Lamborghini theft.
- Recent arrest adds complexity to the legal battle.
- Defendants accused of harassment and intimidation.
The cryptocurrency sector is witnessing a gripping legal battle involving Ben Armstrong of ‘Bitboy Crypto’ and his colleagues who have taken over the Bitboy brand.
Sponsored
Most recently, Armstrong has initiated a lawsuit claiming that former colleagues unlawfully took his Lamborghini. Incidentally, the same vehicle had got him arrested when he tried to retrieve it in front of his colleague’s house.
Armstrong Sues Colleagues Over Lamborghini, X Account
On Wednesday, November 1, Armstrong filed a lawsuit asserting that six individuals “conspired” to deprive him of his 2018 Lamborghini Huracan Performante. These individuals are executives from Hit Network and associated parties. Among them, TJ Shedd, CEO of Hit Network, and company associate Carlos Diaz, who last held the car.
The complaint details a series of alleged offenses, including threats of violence and the coercive transfer of the vehicle’s title, against a backdrop of personal and professional disputes that have spilled over into the public domain.
Armstrong’s allegations extend beyond the loss of his supercar. He accuses the defendants of commandeering his X.com account (previously Twitter) to post defamatory content and leak private conversations. Armstrong’s recent arrest, following a live-streamed confrontation as he sought to reclaim his Lamborghini, adds another layer to this legal battle.
Armstrong’s Tries to Retrieve Lamborghini, Gets Arrested
Armstrong’s departure from BitBoy Crypto was shrouded in controversy. Armstrong faced several criticisms, including his involvement with a meme token named BEN, which he was accused of dumping. Moreover, his former colleagues accused him of abusive and erratic behavior.
On October 25, Armstrong live-streamed his attempt to retrieve a purportedly stolen Lamborghini from Carlos Diaz. As Armstrong announced this ahead of time, Diaz called the police. Subsequently, the whole incident led to Armstrong’s arrest.
The arrest occurred outside Diaz’s residence and was broadcast live, drawing the crypto community’s eyes to the unfolding drama. Following his arrest, Armstrong announced a hiatus from social media.
On the Flipside
- It is not clear who is the legal owner of the Lamborghini and whether Armstrong or the company held the title.
- Despite his controversies, Armstrong managed to raise $150,000 in crypto for his legal battles from his audience.
Why This Matters
The case illustrates the risks of intertwining one’s personal brand with business ventures in the volatile crypto market. It highlights the need for maturity in the crypto industry, affecting its reputation among investors and the public.
Read more about Armstrong’s battle with his former colleagues:
Ben Armstrong’s Exit from BitBoy Crypto: What Led to the Split?
Read more about Simpson tackling NFTs:
NFTs Get the Simpsons Treatment in Halloween Special
