On Oct. 20, BitBoy replied to Twitter user GrindingPoet on accusations of “promoting rugs” and “dumping undisclosed scams on his followers.”
BitBoy offered to give $10,000 to GrindingPoet if they found any proof of undisclosed promos covered on the BitBoy Crypto Youtube channel.
It’s been an hour lol. I’ll give you $10,000 if you can find and prove an undisclosed promo. They don’t exist.
— Ben Armstrong (@Bitboy_Crypto) October 19, 2022
We haven’t even done a sponsored video since January and we are never doing coin promotions again. You are living in the past man. Stuck in 2006.
With no response to the wager, the deal seemed to be done. Until however, on-chain sleuth ZachXBT, known for his threads exposing bad actors in the space, replied to the tweet on Dec. 5.
“[I] spent a few minutes looking and immediately found an example,” attaching screenshots of an undisclosed payment of $15k into one of BitBoy’s wallets.
Here are some of his wallets if you wish to ever look for anything:
— ZachXBT (@zachxbt) December 4, 2022
0xd2cc9241438204ed93aec489687948779c5977f3
At 45 sec Bitboy shows coin he got rugged on and balances match
0x5fc5652c50938710136e9cfe099baacef0167b18
At 5 min Bitboy shows his portfolio and balances match pic.twitter.com/HpELyOiB2N
BitBoy was quick to respond and pushed the blame on members from the channel Justin and Deezy.
Zach reached out to me this morning about this. We investigated this and it is true. I was shocked, but Justin and Deezy made a mistake here. They were surprised also and didn’t realize it. Regardless we are going to be giving $15k away tomorrow to 3 users affected by FTX.
— Ben Armstrong (@Bitboy_Crypto) December 5, 2022
ZachXBT later posted an update saying that BitBoy has sent him the $10k.
Update: Bitboy sent me the $10k pic.twitter.com/JxJ1yqA1CT
— ZachXBT (@zachxbt) December 6, 2022
ZachXBT released a thread earlier this year on BitBoy and his promotional intents.