Crypto Influencer Warns Against Bitboy's Pre-Sale Project

Concerns Over Bitboy's Pre-Sale

A significant cautionary message has emerged within the crypto community concerning a pre-sale project led by Ben Armstrong, known as Bitboy. The project has raised over $10 million in funds, linked to the BEN.ETH token and the new venture named LOYAL. This substantial accumulation has sparked disbelief and concern among influencers and investors alike.

Crypto Tony's Warning

Crypto Tony, a well-known figure in the crypto sphere, has voiced strong warnings about the pre-sale. He questions the rationale behind investing substantial amounts into Armstrong's project, suggesting it may be akin to gambling or even money laundering. His warnings aim to protect the community from potentially irrational financial decisions.

Bitboy's Defense of BEN Coin

In response to the skepticism, Armstrong has defended his initiatives on social media. He reassures the community that the BEN coin will gain benefits from the LOYAL project. Armstrong envisions a synergistic relationship between the two, and he believes that the alignment will become evident to BEN coin supporters over time.

The Vision for BEN Nation

Armstrong's statements emphasize his commitment to enhancing the BEN coin's value. He aims to unify the "BEN Nation" through collaboration with the community. His focus remains on the BEN coin, with LOYAL serving as a complementary project rather than a competing one.

Concerns from Industry Experts

Adding to the discourse, David Schwartz, Ripple's CTO, has expressed concerns about the BEN coin project potentially being a rug pull. This skepticism is tied to Armstrong's involvement and the potential risks associated with the pre-sale.

The ongoing situation underscores the importance of caution and due diligence for investors navigating the evolving crypto landscape.