Ben Armstrong, Founder of Bitboy Crypto Channel, Released on Bail After Arrest

Crypto influencer Ben Armstrong has been released on bail after he was arrested during the late hours of 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 for "loitering/prowling" and for "simple assault by placing another in fear" with a bond amount of $2,600.

Armstrong was apparently carrying a gun in the backseat of his car, and was traveling with one other person, a live-stream snippet on X indicated.

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

Armstrong sent a tweet acknowledging the incident.

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.

UPDATE (Sept. 26, 07:38 UTC): Updates headline.

UPDATE (Sept. 26, 09:13 UTC): Adds charges and bond amount in second paragraph.

UPDATE (Sept. 26, 11:14 UTC): Updates headline and text with additional info.