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`Bitboy Crypto’ Ben Armstrong Released On Bail After Livestreaming Confrontation, Starts Tweeting

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'Bitboy Crypto' Ben Armstrong Arrested During Confrontation with Former Business Partner
'Bitboy Crypto' Ben Armstrong Arrested During Confrontation with Former Business Partner

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Crypto influencer Ben Armstrong, known as ‘Bitboy Crypto,’ was released from jail on bail of $2,600 after he was arrested while attempting to live stream a confrontation with a former business partner.

The Gwinnett County Sheriff’s Department’s online record showed that Armstrong was arrested for “loitering/prowling” and “simple assault by placing another in fear.” He spent eight hours in jail. 

“This is the hardest tweet I ever have had to make,” he tweeted sarcastically soon after his release. “I need to make a confession I never imagined I would admit .I’m not even really sure if I have the courage to say it but I’m going to do my best. Here it goes: My name is Ben and I’m a loiterer. I did 8 whole hours in the slammer.”

Armstrong had alerted his followers on X that he was planning to go live Monday evening from “a very special location on YouTube so get ready this is going to be good.’’

He turned up outside the house of former partner Carlos Diaz. During the livestream he said Diaz “had intentions to harm him” and alleged he was connected to the Houston mafia.

“Carlos, I’m not afraid of you,” he shouted during the stream.

Armstrong’s camera captured the arrival of the police, who asked whether he had a weapon. Armstrong replied that he had one in his car.

Diaz confirmed that it was Armstrong outside his house in another tweet and said ”Don’t know when to stop lying.” In an earlier tweet he referenced a dispute over a Lamborghini and said he’d been trying to help Armstrong.

Ben, the cryptocurrency named after Armstrong, slumped more than 25% after news of his arrest spread.

Bitboy Crypto – A Troubled Past

This incident is the latest in a series of troubles for Armstrong. Just a few weeks ago, the parent company of the Bitboy Crypto brand, BJ Investment Holdings, removed him from the brand due to concerns related to substance abuse and harm.

The brand’s statement read, “This difficult decision is a culmination of a prolonged effort to help Ben during his relapse into substance abuse as well as reconcile the emotional, physical, and financial damage he has done to the employees of Hit Network and the Bitboy Crypto community.”

Armstrong tried to regain control of the firm from its owner, the HIT Network, using legal measures, but his efforts were unsuccessful. In a recent video, he admitted to making mistakes that resulted in his removal from the company and expressed his willingness to collaborate with the HIT Network. Additionally, he revealed that he had been involved in an extramarital relationship, which had adversely affected his reputation as a family-focused individual.

Bitboy Crypto Also Involved in FTX Case

Armstrong has also been caught up in a collective legal action for supposedly endorsing the crypto exchange FTX, which has since gone bankrupt. Earlier, he had directed offensive and disrespectful messages toward the attorney overseeing the case, both through email and on social media. Consequently, a judge issued an order for him to stop posting negative comments about the attorney and the clients associated with the attorney’s firm.

Armstrong also drew attention when he skipped a court hearing and instead chose to go on a BitBoy-branded crypto cruise to the Bahamas. He openly defied the judge’s order, posting a shirtless photo on Twitter and stating that he skipped the proceeding because “I don’t give AF.”

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