Breaking: BitBoy Ben Armstrong Arrested Live in Lamborghini Dispute

Kelvin Munene Murithi
September 26, 2023
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
'BitBoy' Ben Armstrong thinks ADA won't ouperform

Crypto influencer Ben Armstrong, widely recognized as “BitBoy,” has found himself in handcuffs while broadcasting live outside the residence of Carlos Diaz, his former business associate. The ordeal began when Armstrong announced on social media that he would ” go live soon from an exceptional location.”

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Ben’s Face-off Spirals Out of Control

Armstrong’s confrontation with Diaz rapidly escalated, with the crypto influencer alleging that Diaz had ties to the Houston mafia and had intentions of causing him harm. “I’m not scared of you, Carlos,” Armstrong audibly declared during the livestream. However, the situation took a significant turn when local authorities intervened. 

About 19 minutes into the broadcast, police officers approached Armstrong, inquiring if he was armed. Denying any weapons on his person but admitting to one in his vehicle, the stream soon went dark visually, leaving only faint audio of the exchange between Armstrong and the police.

Moreover, as the incident unfolded, it was revealed that Cassie Wolfe, co-founder of BitBoy Crypto and the center of another personal controversy involving Armstrong, was present in the vehicle. Armstrong clarified to the officers,

“Cassie is the girl I had an affair with. My wife knows. We were just in my daughter’s tennis match.”

He explained their collective presence as a response to alleged threats from Diaz and the matter of the “stolen” Lamborghini.

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Aftermath and Community Reactions

Following the confrontation, BEN tokens, Armstrong’s crypto venture, experienced a sharp 30% drop in value. The fallout from the livestream didn’t end there. Armstrong’s turbulent relationship with his former partners and exit from the BitBoy Crypto brand, stemming from concerns about substance abuse and financial improprieties, further amplified the incident’s ramifications.

BEN/USD  price chart (source: CoinGecko)

Hence, while some speculate this could be a well-orchestrated publicity stunt, Armstrong’s silence on social media post-arrest suggests otherwise. The crypto community remains on edge, awaiting further updates on one of its most controversial figures.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.