Crypto Influencer Ben Armstrong Arrested Following Confrontation
Crypto influencer Ben Armstrong has found himself in hot water after an alleged altercation with his former business partner, which was captured on a live-streaming platform. On Monday, Armstrong was arrested, although no charges have been listed as of yet, according to an online record from the Gwinnett County Sheriff’s Department.
During the incident, Armstrong was reportedly in possession of a loaded weapon in the backseat of his car and was accompanied by another individual. A video snippet of the live-streamed altercation, which took place on X (formerly known as Twitter), showcased the confrontation.
As news of Armstrong’s arrest circulated, the market reacted negatively, causing BEN tokens, which were launched by Armstrong earlier this year, to drop by 30% in value. This highlights the influence that prominent figures in the crypto space can have on market sentiments.
The arrest follows Armstrong’s recent removal from his media company, BitBoy Crypto, after a unanimous decision by the company. Although the exact reasons for his removal have not been disclosed, it is likely that this incident played a significant role in his ousting.
As the crypto industry gains more widespread recognition and attracts mainstream attention, incidents involving prominent figures like Armstrong will come under greater scrutiny. The actions and behaviors of influencers can have a profound impact on the market and public perception of cryptocurrencies.
While the details of the confrontation leading to Armstrong’s arrest are still emerging, this incident serves as a reminder that the crypto space is not immune to controversies and conflicts. Investors and participants should exercise caution and conduct thorough research before putting their trust and money in the hands of any individual or project.
As with any industry, the behavior of a few individuals should not be generalized to the entire crypto community. It is crucial to separate the actions of individuals from the potential of the underlying technology and the opportunities it presents.
UPDATE (Sept. 26, 07:38 UTC): The headline has been updated to reflect the ongoing developments in the case.
