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HomeFinance NewsCrypto Influencer Ben Armstrong Granted Bail After Arrested for 'Loitering'

Crypto Influencer Ben Armstrong Granted Bail After Arrested for ‘Loitering’

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Crypto influencer Ben Armstrong has been released on bail following his arrest during a confrontation with his former business partner. The incident was partially live-streamed on X, previously known as Twitter. Armstrong was charged with “loitering/prowling” and “simple assault by placing another in fear” according to online records from the Gwinnett County Sheriff’s Department. He was found carrying a gun in his car during the incident. The news of his arrest caused a 30% drop in the value of BEN tokens, a cryptocurrency he promoted earlier this year. Armstrong confirmed the incident on Twitter. It is believed that his ousting from BitBoy Crypto, a media company he co-founded, was the underlying cause of the altercation.

Following an altercation with his former business partner, crypto influencer Ben Armstrong has been released on bail after being arrested. The incident was partly streamed live on X (previously Twitter). According to records from the Gwinnett County Sheriff’s Department, Armstrong was charged with “loitering/prowling” and “simple assault by placing another in fear”, and his bail was set at $2,600. He was found to have a gun in the backseat of his car. The news of his arrest had a negative impact on BEN tokens, a cryptocurrency that Armstrong had promoted and was responsible for a 30% decrease in its value. Armstrong acknowledged the incident on Twitter, and it is speculated that his removal from BitBoy Crypto, a media company he co-founded, may have influenced the confrontation.

Ben Armstrong, a well-known figure in the crypto community, has been released on bail following his arrest during a tense encounter with his former business partner. The situation unfolded on X, the renamed version of Twitter, where the confrontation was livestreamed. Public records from the Gwinnett County Sheriff’s Department reveal the charges against Armstrong include “loitering/prowling” and “simple assault by placing another in fear”. Notably, Armstrong was found to be carrying a firearm in his vehicle at the time of the incident. This unfortunate turn of events caused a significant impact on the value of BEN tokens, a cryptocurrency that Armstrong had previously endorsed, resulting in a 30% drop. Armstrong himself addressed the situation on social media, and it is speculated that his previous dismissal from BitBoy Crypto, the media company he co-founded, contributed to the occurrence of this turbulent altercation.

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