Crypto Influencer ‘Bitboy’ Files New Lawsuit, Aims to Reclaim “Stolen” Lamborghini

Legal Twitter
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Journalist
Journalist
Sead Fadilpašić
Author Categories
About Author

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
Ben Armstrong. Source: a video screenshot, YouTube

Crypto YouTuber Ben Armstrong has filed another lawsuit against his ex-colleagues, over a Lamborghini and alleged racketeering.

Armstrong, formerly known as Bitboy, filed the lawsuit on November 1 in the Superior Court of Cobb County, Georgia, USA.

Six people related to Hit Network, the company that owned Armstrong’s channel, have been listed: CEO Timothy Shedd Jr., CFO Timothy Shedd Sr., head of content Nickolas Dimondi, contributor Allison Fiveash, associate Carlos Diaz, and Voomio CEO Justin Williams.

Armstrong claims that he was threatened into transferring the title of his 2018 Lamborghini Huracan Performante to Carlos Diaz.

“Defendant Diaz warned Armstrong that he had killed people before, and implied that the same fate could befall Armstrong,” per the suit.

Diaz never returned the car, the suit says, adding: “Armstrong is not aware of the Lamborghini’s current location or ownership status.”

Furthermore, the lawsuit alleges that the six people violated the Georgia Racketeer Influenced and Corrupt Organizations (RICO) Act. The defendants have “engaged in a pattern of racketeering by engaging in a series of acts, schemes, and transactions that were all committed with the intent to extort the Lamborghini and money from Armstrong.”

The YouTuber claimed that Diaz contacted Armstrong’s wife and threatened his life unless he paid $3.2 million and issued a public apology.

The defendants also took Armstrong’s Twitter account in order to harass, embarrass, and intimidate him publicly, he said.

At Least Half a Dozen Lawsuits

Armstrong is not the only one filing lawsuits.

Per one of several filings in the same court, the Shedds and Williams sued Armstrong in September for – among other things – libel and slander.

“This type of bullying is what we have come to expect from Ben Armstrong,” Dimondi told Decrypt. “The entire complaint is laughable on its face and has no merit in court.”

A county clerk also confirmed to Decrypt that several cases against Armstrong are still pending.

In September, Armstrong confronted Diaz, saying that he wanted to get his car and ‘expose’ Diaz and other defendants. He was arrested and detained for “loitering/prowling” and “simple assault by placing another in fear,” with a bond amount of $2,600.

After his release, he made light of the situation.

Ousted

In late August, Armstrong announced his departure, stating that “TJ Shedd & Justin Williams have attempted a coup at my company.”

Meanwhile, CEO Shedd claimed that there had been “emotional, physical and financial damage” caused by Armstrong to Hit and the community.

Armstrong filed a lawsuit in September against the father-son Shedd duo for ousting him from the company he had founded. The suit was initially filed on August 30, retracted, and refiled on September 12.

Armstrong and BJ Investment Holdings (BJIH) were named as plaintiffs.  BJIH is the parent company of Hit Network and the YouTube channel formerly called Bitboy Crypto, now Discover Crypto.

In late September, the crypto influencer claimed that HitNetwork took all of his money so he couldn’t fight back. He asked his followers to donate to his legal fund to bring BitBoy Crypto back.

While the supporters donated thousands of dollars, others criticized Armstrong for asking for money from his followers.

More Articles

Price Analysis
Price Breakthrough Forecast: The Next XRP Rally Could Be Here Soon
Arslan Butt
Arslan Butt
2025-02-09 14:21:48
Altcoin News
Gold-Backed Altcoins Boom as Major Banks Raise Price Predictions: Which Coins to Get
Arslan Butt
Arslan Butt
2025-02-09 12:55:24
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors