Ben Armstrong Apparently Arrested, BEN Plunges 30%

Crypto influencer Ben Armstrong was arrested on Monday after an apparent confrontation with his former business partner, part of which was live-streamed on X, formerly Twitter.

An online record at the Gwinnett County Sheriff’s Department site shows one "Benjamin Charles Armstrong" was arrested, but there are currently no charges listed.

Armstrong was carrying a loaded weapon in the “backseat of his car” and was traveling with one other person, a live-stream snippet on X shows.

BEN tokens, floated by Armstrong earlier this year, dropped 30% as reports of the arrest leaked early on Tuesday.

Armstrong was previously ousted from his media company, BitBoy Crypto, following a unanimous decision, as per an August announcement, which likely led to Monday’s altercation.

Edited by Parikshit Mishra.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Follow @shauryamalwa on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

BEN Token Plunges 30% as Crypto Influencer Ben Armstrong Apparently Arrested

Armstrong has had an apparent fallout with his former business partners, several tweets suggest.

Drive the Crypto Policy Conversation Forward