BitBoy Crypto, also known as Ben Armstrong, a well-known crypto influencer, was unexpectedly arrested on Monday night following a heated exchange with his former business associate Carlos Diaz. The incident, which was livestreamed and caught the attention of thousands, has caused significant waves in the crypto world.

During the livestream, Armstrong made allegations against Diaz, claiming he had connections with the Houston mafia and had intentions to harm him. However, the situation escalated when local authorities intervened approximately 19 minutes into the stream.

Armstrong denied being armed, although he admitted to having a weapon in his vehicle. The livestream abruptly ended, but it was later revealed that Cassie Wolfe, co-founder of BitBoy Crypto, was also present in the vehicle. Armstrong explained their presence as a response to alleged threats from Diaz and a dispute involving a “stolen” Lamborghini.

The aftermath of the arrest had a significant impact on the crypto market. The value of BEN tokens, Armstrong’s crypto venture, experienced a sharp 30% drop in value. This decline was further compounded by Armstrong’s troubled relationship with his former partners and his departure from the BitBoy Crypto brand due to concerns of substance abuse and financial improprieties.

Following his release on bail, Armstrong broke his silence and commented humorously on his arrest. He also mentioned his plans to return to his YouTube show the next day.

The crypto community is eagerly awaiting further updates on Armstrong, who is one of its most controversial figures. While some speculate that this could be a publicity stunt, Armstrong’s silence on social media after the arrest suggests otherwise.

FAQs:

1. Why was Ben Armstrong arrested?

Ben Armstrong, also known as BitBoy Crypto, was arrested after a confrontation with his former business associate, Carlos Diaz. The altercation was livestreamed and resulted in Armstrong making allegations against Diaz.

2. What was the impact of Armstrong’s arrest on the crypto market?

The arrest had a significant impact on the crypto market, particularly on the value of BEN tokens, Armstrong’s crypto venture. The tokens experienced a sharp 30% drop in value.

3. What are the concerns surrounding Armstrong’s departure from BitBoy Crypto?

Armstrong’s departure from BitBoy Crypto was due to concerns about substance abuse and financial improprieties.

4. Will Armstrong continue his YouTube show?

Armstrong has stated that he plans to continue his YouTube show following his release on bail.

Summary:

Renowned crypto influencer Ben Armstrong, known as BitBoy Crypto, was arrested after a confrontation with his former business associate, Carlos Diaz. The incident was livestreamed and led to a sharp drop in the value of Armstrong’s crypto venture. Armstrong has since been released on bail and has expressed his plans to continue his YouTube show.