‘Bitboy’ Ben Armstrong Files Suit Against Former Hit Network Colleagues

YouTuber Ben Armstrong, previously often known as “Bitboy,” has filed a lawsuit in Georgia in opposition to Hit Community CEO Timothy “TJ” Shedd Jr. and father Timothy Shedd Sr.—two Hit staff—for eradicating Armstrong from the media firm he created in 2018.

The lawsuit additionally names company entities BJ Funding Holdings (BJIH) as a plaintiff alongside Armstrong, and TJSJ Holdings as a defendant with the Shedds.

In response to the go well with filed August 30 and obtained by Decrypt, Armstrong stays the bulk shareholder of the media firm BJIH, the dad or mum firm of Hit Community and the YouTube channel previously often known as Bitboy Crypto. Particularly, Armstrong’s fully-owned company entity Higher Than TJ LLC (BTTJ) controls 67% of the shares in BJIH whereas TJSJ owns 33%, main the plaintiffs to allege that the corporate was wrongfully stolen from Armstrong.

The submitting alleges that the Shedds “started conspiring to steal the corporate from Armstrong” a couple of months in the past, illegally locked Armstrong out of assorted electronic mail and social media accounts, and are “misappropriating, diverting, changing, and losing” Armstrong’s firm’s funds and property for private acquire. 

The go well with additionally alleges fraud, claiming that the Shedds have acted, are appearing, or intend to behave “in a way that’s unlawful or fraudulent” and divulges that the corporate brings in roughly $1 million in advert income each month.

By way of the lawsuit, Armstrong is looking for an award of damages, an injunction, and the return of management of the dad or mum firm together with its monetary, social media, and electronic mail accounts. Armstrong’s go well with additionally requests full copies of BJIH’s monetary data and the total value of the go well with to be charged to the defendants.

A replica of the termination letter Armstrong obtained on August 25 alleges that Armstrong bodily assaulted and verbally abused TJ Shedd and different staff as lately as August 21. The letter additionally alleges that Armstrong was below the affect of “unlawful substances and steroids, and abusing drugs” at work and alleged “threatening and fascinating in bodily violence and verbal abuse” to different staff. 

In a voice name recording beforehand obtained by Decrypt, Armstrong admitted to steroid use however asserted that claims surrounding arduous drug use comparable to cocaine are “factually incorrect.” Within the recording, Armstrong confirmed that he did threaten “to beat the crap out of TJ,” however denied that bodily violence occurred. 

Armstrong’s submitting doesn’t straight handle or refute the assault or drug allegations. However the go well with calls the termination letter in addition to one other doc utilized in an effort to take away Armstrong and BTTJ from the dad or mum firm unauthorized, “ineffective and void” as a result of BTTJ maintains a majority of shares within the dad or mum firm.

After submitting the go well with, Armstrong launched a video along with his spouse on August 31 apologizing to followers. He revealed that he’s at “all-time low” and had an affair, however once more rejected arduous drug abuse allegations and confirmed steroid use.

Regardless of Armstrong’s submitting, Shedd and the Hit Community rebranded the Bitboy Crypto YouTube channel to “Uncover Crypto” on Monday and printed a video asserting the identify change. The feedback part was instantly crammed with responses supporting Armstrong and decrying the choice to take away him from the corporate.

Armstrong declined Decrypt’s request for remark. Shedd didn’t instantly reply to Decrypt’s request for remark.