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"CFTC subpoenas Ben ‘BitBoy’ Armstrong’s former company in fraud investigation, asks about activity for tokens such as BEN"

2024-08-02 [vendor] CFTC subpoenas BitBoy's former company
Primary Source ↗

Incident Details

The CFTC has sent a subpoena to Hit Network, the crypto media company that was previously headed up by Ben “BitBoy” Armstrong until his rather public meltdown. According to The Block, the subpoena requested information about fifteen tokens, including the BitBoy-themed $BEN token, and the videos in which figures including BitBoy talked up their potential for price appreciation. The CFTC noted that the investigation was into a person who had engaged in crypto fraud.

Technical Details

Initial Attack Vector
Regulatory / legal action
Vendor / Product
CFTC subpoenas BitBoy's former company

Timeline

  1. 2024-08-02 Breach occurred
  2. 2024-08-02 Publicly disclosed