armstrong

U.S. District Judge Beth Bloom of the Southern District of Florida issued a $2.8 million default judgment against former crypto influencer Ben Armstrong (also known as "BitBoy") in a defamation case brought by investor Kevin O'Leary. The court ruled against Armstrong in six counts of defamation due to his failure to present a defense. The damages include approximately $78,000 for reputational harm, $750,000 for emotional distress, and $2 million in punitive damages.The case stems from a post Armstrong made on the X platform in March 2025, where he falsely claimed that O'Leary was involved in a fatal boating accident in 2019 and committed murder.

ChainCatcher news, several executives from cryptocurrency companies are expected to hold a roundtable meeting with Senate Democrats supporting cryptocurrency on Wednesday to discuss market structure legislation and future directions.Attendees include Coinbase CEO Brian Armstrong, Chainlink CEO Sergey Nazarov, Galaxy CEO Mike Novogratz, Kraken CEO David Ripley, Uniswap CEO Hayden Adams, Solana Policy Institute President K. Michelle Smith, Circle CSO Dante Disparte, Ripple CLO Stuart Alderoty, Jito CLO Rebecca Rettig, and a16z crypto General Counsel Miles Jennings. The meeting will be hosted by Senator Kirsten Gillibrand. Previously, a leaked DeFi regulatory proposal from the Democrats sparked strong opposition from the industry, leading to a stalemate in negotiations with the Republicans.

ChainCatcher news, according to Cointelegraph, American crypto KOL Ben Armstrong (online name "BitBoy") was arrested in Florida at 7:18 PM local time on March 25.Previously, Armstrong revealed on social media that he was issued an arrest warrant for sending an email to Cobb County Superior Court Judge Kimberly Childs in his capacity as his own attorney.

ChainCatcher news, Cardano founder Charles Hoskinson suggested Coinbase CEO Brian Armstrong as the best candidate for the proposed cryptocurrency policy position in Donald Trump's second administration. In a post on X on November 20, Hoskinson outlined the key qualifications for the "crypto czar," emphasizing neutrality, cross-protocol collaboration, and a solid grasp of the unique values of cryptocurrency. Hoskinson believes that Armstrong's leadership at Coinbase makes him an ideal choice. Under Armstrong's leadership, Coinbase has become the largest cryptocurrency exchange in the United States and one of the first publicly listed cryptocurrency companies:"Coinbase has grown to be one of the pillars of the cryptocurrency industry and has had to endure the unfair tactics of the government to impose regulation through enforcement. I know Armstrong can build a broad tent coalition to unite the entire industry and help us get the government to come together to take real action, including through new legislation."

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, Coinbase co-founder and CEO Brian Armstrong stated on social media that the FTX incident "stressed me out a lot," and that Coinbase has no substantial contact with FTX or FTT (nor with Alameda). The FTX incident appears to be the result of risky business practices, including conflicts of interest between deeply intertwined entities and the misuse of customer funds (lending out user assets). Coinbase does not engage in such risky activities and will not use customer funds for anything unless instructed by the customer; users can withdraw their money at any time.Brian Armstrong reiterated the importance of compliance and regulation for cryptocurrency exchanges: regulators have focused on their respective domestic markets, while customers have shifted their attention to offshore businesses that are less transparent and carry greater risks. There should be continued collaboration with policymakers to establish reasonable regulations for centralized exchanges/custodians in each market. (Source link)

ChainCatcher news, Coinbase CEO Brian Armstrong tweeted, "I am passionate about accelerating the development of science and technology to help solve some of the world's biggest challenges. To further this, I plan to sell about 2% of my Coinbase shares over the next year to fund scientific research and companies like NewLimit and ResearchHub."He also stated, "To be clear, I intend to remain CEO of Coinbase for a long time, and I am still optimistic about cryptocurrency and Coinbase. I am fully committed to growing our business and advancing our mission, but I am also excited to contribute in different ways." (source link)

Chain Catcher news, Coinbase co-founder and CEO Brian Armstrong stated at the MAINNET 2022 crypto conference that U.S. sanctions on open-source software are like permanently closing highways, ultimately punishing those who have done nothing wrong and leading to a decrease in people's privacy and security. Earlier this month, Coinbase supported Tornado Cash users in their lawsuit against the U.S. Treasury.In addition, Brian Armstrong revealed that there was hesitation before Coinbase went public, and discussions with other executives about the pros and cons of going public versus remaining private, but they ultimately decided to go public and take the mainstream stage. He mentioned that going public allowed Coinbase to raise funds quickly, but it also meant facing some unnecessary scrutiny and media coverage. (decrypt)

Chain Catcher News, Coinbase CEO Brian Armstrong tweeted that policies regarding cryptocurrency involve national security issues. The United States has missed out on semiconductor and 5G technology, which are now primarily produced overseas. The U.S. cannot afford the cost of cryptocurrency moving overseas. Law enforcement regulation has a terrifying chilling effect, and we have already seen a large number of cryptocurrency talents, asset issuers, and startups moving abroad.In addition, he stated that Coinbase is a global company headquartered in the United States and will strive to ensure that cryptocurrency brings success to everyone here. This is too important for the United States and the free world. (Source link)