Ripple CTO Addresses Controversy Surrounding BitBoy’s BEN Token Sell-Off
18 Mai 2023 - 05:00PM
NEWSBTC
The crypto space is bubbling with many comments and reactions about
the sale of BEN tokens by the famous crypto influencer Ben
Armstrong, also known as BitBoy. One of the notable reactions came
from the Ripple Labs CTO, David Schwartz, who disclosed that his
lack of trust in the YouTuber goes far back in the past.
BitBoy Accused Of Dumping BEN Token Armstrong allegedly sold off
his BEN tokens, a newly launched crypto asset he controls. As
reactions on social media platforms intensified, Schwartz revealed
his dislike for BitBoy. Related Reading: PEPE Unlikely To Be As Big
As DOGE & SHIB, Says Santiment The CTO responded to a tweet on
May 18 implying that Armstrong operated as a scammer by selling off
the tokens even when he promised never to do so. Schwartz boldly
stated that, “I was hating on him before it was cool.” This
indicated that Schwartz’s negative view of Armstrong dates back to
the past, even before the recent incident. A Web3-based corporate
attorney and the Founder and Principle lawyer of Givner Law firm,
Ariel Givner, also shared a Twitter post about an interview with
BitBoy on May 14. During the interview, Armstrong reportedly
mentioned that he had no intention of selling BEN tokens. Givner
disclosed how BitBoy expressed his trust and commitment to the BEN
project. She also recalled that BitBoy revealed plans to maintain
his holdings regarding his close ties with the project.
Additionally, the YouTuber had earlier stated that he had not
locked his BEN tokens intentionally. To him, it’s a means of
pissing off his haters that believe he is dishonest, a scammer, and
a grifter. But according to Givner, the YouTuber contradicted his
words and sold all the BEN tokens in his holding. She alleged that
Armstrong disposed of all his BEN tokens for approximately 45 ETH
through multiple transactions. While providing proof of the
transactions, Givner retorted that it’s “A tale as old as time.” I
interviewed @Bitboy_Crypto the other day about $BEN. For over an
hour, he stated this project meant something to him, that he was
going to “lift crypto up” and had no plans to sell. Today he sold
his $BEN tokens for roughly 45 $ETH. A tale as old as time. — Ariel
Givner, Esq. (@GivnerAriel) May 17, 2023 BitBoy Denies Dumping The
Tokens Armstrong has denied allegations of dumping the BEN project.
The crypto influencer explained that he moved the tokens to
generate funds for financing a deal that involves the BEN
Foundation. Related Reading: Historical Crossover Suggests Ethereum
(ETH) Top Is In The YouTuber said that the original backer of the
deal was delayed, so he sold off his tokens to step in and support
it. Meanwhile, BitBoy didn’t reveal the transaction, and his claims
didn’t go down well with most proponents. However, the on-chain
data provider, Etherscan, highlighted transactions from the wallet
address connected to Armstrong. According to the data, the YouTuber
swapped about 1 trillion BEN tokens for almost 45 ETH in three
separate transactions. Featured image from Pixabay and chart from
Tradingview.com
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