Ben Armstrong (BitBoy Crypto) Plans Class Action Lawsuit Against Celsius and CEO

The cryptocurrency world is buzzing with news of a potential class action lawsuit against Celsius and its CEO, spearheaded by Ben Armstrong, widely recognized in the cryptocurrency community as “BitBoy Crypto.” Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a lawsuit, further intensifying the scrutiny surrounding Celsius's financial stability.

Why is BitBoy Crypto Suing Celsius?

The core of Ben Armstrong's argument, and the foundation of the anticipated class action, revolves around Celsius's solvency. BitBoy Crypto Proves Celsius Is Insolvent. Ben Armstrong argues that the only reason why the company might have refused to permit its users to pay their loans off with existing funds stems from deeper financial troubles. This alleged insolvency is a key point being investigated.

Details of the Impending Class Action Lawsuit

Ben Armstrong, widely known as “BitBoy Crypto,” and several associates are facing a class-action lawsuit from American $BEN coin holders alleging fraudulent promotion. However, this is a separate legal issue. The potential class action lawsuit against Celsius, led by Armstrong, aims to represent American holders of crypto assets locked on the Celsius platform. Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a lawsuit.

What This Means for Celsius Users

The news of Ben Armstrong’s planned legal action adds another layer of uncertainty for Celsius users who have had their funds frozen since June 2022. The outcome of this potential class action could significantly impact the recovery process and the overall future of Celsius. While some are involved in lawsuits regarding his promotion of $BEN, this action against Celsius addresses the core issue of locked user funds.