In a series of unexpected events, renowned crypto influencer Ben Armstrong, popularly known as “BitBoy,” was arrested on Monday night, leading to significant ripples in the crypto world. The arrest has been linked to a confrontation with Carlos Diaz, a former business associate, outside Diaz’s residence. This incident was broadcasted live, capturing the attention of thousands.
Armstrong, who had previously hinted at going live from a “special location” on X (formerly known as Twitter), found himself in a heated face-off with Diaz. During the live stream, Armstrong made allegations against Diaz, claiming he had connections with the Houston mafia and had intentions of causing him harm. He audibly declared, “I’m not scared of you, Carlos,” during the broadcast. However, the situation took a dramatic turn when local authorities intervened approximately 19 minutes into the stream.
The police inquired if Armstrong was armed, to which he denied having any weapons on him but admitted to one in his vehicle. The stream soon went dark visually, leaving only faint audio of the exchange between Armstrong and the police. It was later revealed that Cassie Wolfe, co-founder of BitBoy Crypto and a central figure in another controversy involving Armstrong, was present in the vehicle. Armstrong clarified their collective presence as a response to alleged threats from Diaz and the matter of a “stolen” Lamborghini.
The aftermath of this incident was felt strongly in the crypto market. BEN tokens, Armstrong’s crypto venture, witnessed a sharp 30% drop in value. This decline was further exacerbated by Armstrong’s turbulent relationship with his former partners and his exit from the BitBoy Crypto brand due to concerns about substance abuse and financial improprieties.
Armstrong, who has a significant following in the crypto community, broke his silence after being released on bail. He humorously commented on his arrest, stating, “I did 8 whole hours in the slammer.” He also mentioned his plans to return to his YouTube show the following day.
The crypto community remains on edge, awaiting further updates on one of its most controversial figures. While some speculate this could be a well-orchestrated publicity stunt, Armstrong’s silence on social media post-arrest suggests otherwise.
Ben Armstrong was granted bail following his late-night arrest on Monday, stemming from an altercation with a past business associate. This incident was partially broadcasted live on X, the platform previously known as Twitter.
Documentation from the Gwinnett County Sheriff’s Department confirms the arrest of “Benjamin Charles Armstrong” on charges of “loitering/prowling” and “simple assault by instilling fear in another.” He was set a bail of $2,600.
A clip from the live-stream on X suggests that Armstrong had a firearm in his car’s rear seat and was accompanied by an individual.
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