Ben Armstrong, often known as ‘BitBoy Crypto’, has not too long ago change into entangled in a lawsuit in opposition to his former companions from HIT Community, relating to property seizure that had been registered beneath their firm’s identify, however Armstrong claims belong to him.
The previous BitBoy Crypto worker is now asking for donations from the crypto group utilizing emotional movies sharing his story, and on September 21, he shared a multi-millionaire XRP deal with, in response to supposed requests for a donation deal with by the XRP group.
“A number of folks have requested about an $XRP donation deal with for my authorized fund (…) XRP Deal with: ‘rJmXYcKCGJSayp4sAdp6Eo4CdSFtDVv7WG’ (…) Thanks for the help”.
— Ben Armstrong (@BenArmstrongsX)
1000’s of {dollars} in XRP had been already despatched within the final 24 hours to the given Ben Armstrong deal with, with a lot of these funds being from identified centralized exchange accounts.
BitBoy deal with has over 160 million XRP
Curiously, this deal with — that’s supposedly beneath his management — has a steadiness of 161.54 million XRP tokens ($81.94 million), with the primary transaction of 10 XRP acquired on February 19, 2023, in keeping with on-chain data from BitHomp. This primary cost was despatched by a Crypto.com account.
Historic transaction data for the deal with over the past 30 days reveals a constant day by day cost circulation since August 22, with a spike of over 5 million XRP in 181 funds, on September 5.
After posting the deal with on X (previously Twitter), the variety of funds barely spiked, however not the quantity. Which signifies smaller transactions, normally what’s seen from donations.
On September 21, BitBoy’s XRP deal with acquired a complete of 230 funds, summing as much as 315,360 XRP ($160,800).
Notably, with present info, it’s unimaginable to know whether or not these funds come from Ben Armstrong’s private stash, from donations to his channel (previously owned by his dissolved firm), or from another unknown origin.
