Armstrong livestreamed himself at the home of nonfungible token investor and adviser Carlos Diaz, a figure with known connections to the Hit Network.
In a heated rant, Armstrong asserted that Diaz “had intentions to harm him” and alleged connections to the Houston mafia.
“Carlos, I’m not afraid of you,” he shouted.
Nearly 19 minutes into the stream, local police arrived and questioned Armstrong if he had a weapon on him. Armstrong said that he did not.
During the livestream, Armstrong said that this was “someone who’s been in fear for his life for too long,” and added he would like the cops to come.
When the police came, they asked about the person with him in the car, and he confirmed this was Cassie W0lfe (his alleged lover and BitBoy Crypto co-founder). However, he added that his wife knew where he was and what he was doing.
A “Benjamin Charles Armstrong” was detained for “loitering/prowling” and for “simple assault by inducing fear in another,” according to an online record at the website of the Gwinnett County Sheriff’s Department. His bond was set at $2,600.
Armstrong was reportedly travelling with one other person and had a gun in the backseat of his car, according to a live-stream clip on X.
Armstrong showed up at Diaz’s house, according to a post made by Diaz on September 26.
The disapproving blockchain investigator “ZachXBT” remarked , “Will always celebrate one of the most notorious bad actors in crypto finally getting karma.”
It seems ‘loitering’ and ‘inducing fear’ weren’t enough to keep the bad boy Armstrong imprisoned. Soon after the news of his arrest went public, Armstrong revealed he’s out in a tweet .
As news of the arrest spread early on Tuesday, the value of BEN tokens , which Armstrong issued earlier this year, fell by 30%. At the time of writing the coin was down by 19.51%.
In late August and early September 2023, the BEN cryptocurrency saw a decline. Ben ‘BitBoy’ Armstrong, the primary promoter and driving force behind the token, faced dismissal from the company he operated under his alias, following a series of accusations.
This came after hearing that Armstrong had sold his BEN stock.
BEN has suffered, and Armstrong is attempting to resurrect his career as a crypto influencer despite accusations that he manipulated the prices of the coins and tokens he discussed.