Crypto influencer Ben Armstrong was arrested on Monday after a confrontation with his former business partner, which was live-streamed on X. The Gwinnett County Sheriff’s Department site shows that Armstrong was arrested for loitering/prowling and simple assault by placing another in fear, with a bond amount of $2,600. During the altercation, Armstrong was in possession of a gun and was accompanied by another person. The news of his arrest caused a 30% drop in the value of BEN tokens, which were introduced by Armstrong earlier this year. It is believed that Armstrong’s previous removal from BitBoy Crypto led to this heated incident.
This incident has caused major repercussions for Ben Armstrong, who is known for his influence in the crypto industry. The arrest took place after an apparent confrontation with his former business partner, which was broadcasted live on X. According to online records from the Gwinnett County Sheriff’s Department, Armstrong faces charges of loitering/prowling and simple assault by placing another in fear, with a bond set at $2,600. The live-stream snippet on X revealed that Armstrong was carrying a gun in his car and was accompanied by another individual.
The impact of Armstrong’s arrest was immediately felt in the cryptocurrency market, particularly with BEN tokens. Following the leaked reports of the arrest, BEN tokens experienced a significant drop of 30% in value. Armstrong’s removal from BitBoy Crypto, which occurred earlier this year after a unanimous decision, likely played a role in this altercation. The circumstances leading to the confrontation and subsequent arrest are yet to be fully disclosed, leaving the crypto community eager for more information regarding this unexpected incident involving an influential figure in the industry.