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The U.S. Commodity Futures Trading Commission (CFTC) has issued a subpoena to Hit Network, the former company of cryptocurrency influencer Ben 'BitBoy' Armstrong, as part of a fraud investigation. The probe, dated August 2, 2024, focuses on the promotion of 15 tokens, including the BEN memecoin. Armstrong, who previously promoted these tokens, is not directly targeted by the investigation. The CFTC is seeking information on the trading activities and promotional practices related to these tokens. Additionally, TJ, another individual associated with the network, is under investigation.
CFTC SUBPOENAS HIT NETWORK IN PROBE ON MEME COIN FRAUD LINKED TO BEN ARMSTRONG The CFTC is investigating potential fraud in meme coin promotions by Hit Network, involving 15 tokens prominently featured by Ben Armstrong, also known as BitBoy. Armstrong’s association with the… https://t.co/vYqzWb6yy6
CFTC INVESTIGATES BEN ARMSTRONG FOR MEME CRYPTO FRAUD, FOCUSING ON HIT NETWORK The CFTC has subpoenaed Hit Network, formerly associated with Ben Armstrong, for alleged meme crypto fraud involving 15 tokens, including BEN. Armstrong, who recently parted ways with the network,… https://t.co/Zm2DNssRjG
CFTC TARGETS BITBOY’S MEME CRYPTO SCANDAL The CFTC has targeted Hit Network with a subpoena over fraud involving 15 tokens, including the BEN memecoin, linked to crypto YouTuber Ben Armstrong (BitBoy). Armstrong, who previously promoted these coins, is relieved the probe isn’t… https://t.co/zve21GNHvH