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Ben Armstrong — the person behind the BitBoy nickname — was purportedly fired from the company managing the BitBoy brand. On Aug. 28, cryptocurrency influencer Jason Williams shared a communication on Twitter. Bitboy crypto fired from Bitboy crypto. Now he just called boy. pic.twitter.com/wwJYBVR2sa — Jason A. Williams (@GoingParabolic) August 28, 2023 He informed that Armstrong is no longer working with Hit Network, BJ Investment Holdings, and all subsidiary brands, including BitBoy Crypto and Around The Blockchain. Armstrong has served as the frontman for the BitBoy brand so far. This decision has not been easy. However, after long consideration, we are confident that this is the only path forward. Jason Williams’ message Cryptocurrency influencer Wendy O further confirmed the rumors to her 194,000 YouTube subscribers during a live stream. On Aug. 27, Armstrong claimed on his Twitter profile that TJ Shedd & Justin Williams had attempted a coup at his com...

Prime Core Technologies, the parent entity of crypto custodian Prime Trust, reports an $8 million shortfall from TerraUSD investments . The loss was disclosed in an Aug. 24 filing with the Bankruptcy Court for the District of Delaware in the United States. The company revealed it incurred losses of $6 million in client funds and $2 million in treasury funds through USTC investments under previous management. “Although crypto winter was not the precipitous event leading to the Receivership and these Chapter 11 Cases, the Company felt the ripple effect caused by crypto winter, which resulted in depressed revenues.” Prime Trust filing The filing attributed its investment losses and increased expenditures in October and November 2022 as key factors leading to its bankruptcy declaration.  In August, Prime Trust initiated a bankruptcy filing in the United States, revealing estimated liabilities between $100 million to $500 million, along with 25,000 to 50,000 creditors...