The influencer with exceeding 1.5M channel subscribers says he has been accepting thousands of dollars for touting products of crypto enterprises. He used to make videos encouraging people to invest in the schemes that would ultimately give huge profits to investors. Unfortunately, he became the part of a fraud and caused many people to lose their assets. Two years before, Armstrong disclosed his collaboration with a crypto coin whom he declared trustworthy, called DistX. When making videos on DistX, he informed his audience about how this coin is the most legitimate and how it helps stop crypto scams. Later on, the project itself was found to be a scam. The scammers were only interested in amplifying the market cap and vanished from the front, leaving investors in the lurch. Right now, the DistX value is entirely down (99%), meaning worthless.
Armstrong told CNBC he got over thirty thousand dollars for a single promotion of the crypto project, DistX, and could generate an amount of +$100.000 monthly in endorsements exclusively. Armstrong feels guilty for causing loss to his audience, and now he says from January, he has stopped making paid promotional videos. In addition, he told the money he…
