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A Popular Crypto Influencer Has Been Arrested
09/26/2023

A Popular Crypto Influencer Has Been Arrested

09/26/2023
4,4

Ben "BitBoy" Armstrong continues to make media headlines. This time, the police arrested the crypto influencer during his livestream due to a dispute with his former business partner.

Ben Armstrong has come to epitomize the phenomenon where being an influencer can take away your ability to influence. In late August, Hit Network, the company that controls the BitBoy Crypto brand, cut ties with Armstrong due to his drinking problems and the financial damage he had done to employees.

Armstrong's name then came up in a class action lawsuit filed by FTX clients, where the influencer was accused of promoting the bankrupt exchange. Armstrong openly insulted and threatened legal professionals. He channeled his voice to insult dignitaries, including SEC Chairman Gary Gensler. Still, in the story of the dishonorable discharge, the community sided with Armstrong. For a while...

Attempts to reclaim his brand were unsuccessful, and Armstrong became mired in lawsuits, with money begging from his audience. The news of the once popular crypto influencer, who wore expensive brands and bought sports cars, and is now begging for money for his lawsuits, has caused a stir in the crypto community. While some were outraged over Armstrong's brazenness, others managed to donate $60,000 in cryptocurrency to him.

It was revealed today that Ben Armstrong's disagreement with his former business partners has reached a new level, as the crypto influencer was arrested right during his livestream. According to some reports, Armstrong was transporting a weapon in the backseat of his car. Armstrong tried to confront Carlos Diaz, accusing him of stealing his Lamborghini car. Armstrong claimed that Diaz threatened him and his wife with violence.

The livestream included a piece with Armstrong being interrogated by police officers. Many viewers wondered whether it was all true or one big show, but after a while Carlos Diaz confirmed the fact that Armstrong came to his house with threats.

Amid the arrest, Armstrong's token BEN fell 30%.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Gary Gensler


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