BitBoy Whistleblows SBF’s Decision To Create BitLicense

• Ben Armstrong has been closely watching SBF’s activities for a month.
• The crypto YouTuber earlier criticized SBF for creating BitLicense in the US.
• Armstrong assures BitLicense would make decentralized transactions illegal.

Crypto YouTuber Ben Armstrong, aka BitBoy, condemns Sam Bankman-Fried (SBF), the CEO of FTX exchange again, for allegedly trying to create BitLicense and outlaw decentralized transactions in the US.

The crypto YouTuber staunchly said that he has been the only person “whistleblowing what SBF is doing.” He also remarked “elites” might have noticed that he is not letting them destroy the crypto space.

We have been fighting them behind the scenes & now on center stage

Also, Armstrong added that SBF finally blocked him. The analyst also joked that SBF needs to be held accountable for more than just his bad haircut.

On October 18, the YouTuber tweeted that he has triple confirmed about SBF working behind the scenes to create a federal BitLicense in the US. The key point of Armstrong’s criticism is that if SBF creates BitLicense, the “decentralized and peer-to-peer transactions would become illegal.”

BitLicense is a business license used for virtual assets and issued by the New York State Department of Financial Service.

Armstrong’s alert on SBF’s actions has triggered many crypto holders. One Twitter user expressed, “We should all boycott SBF and FTX.” Meanwhile, another user commented that SBF is going against every decentralized principle that Satoshi found and he has “transferred everything off of FTX.” 

Although the issue rolls in, SBF did not officially provide any responses. Instead, earlier in the past day, SBF tweeted that there are “some new things at FTX,” pointing out a few changes on their exchange’s website.