Oh, How The Mighty Have Fallen! Ben Token Falls Almost 95% From Its All-Time Highs After ‘BitBoy Crypto’ Ben Armstrong’s Arrest — Coffeezilla Calls It Excessively ‘Unhinged’
By Benzinga
Ben Armstrong’s Ben (CRYPTO: BEN) token experienced a significant drop of more than 21% in the past 24 hours following the news of Ben Armstrong’s arrest.
What Happened: Armstrong, was taken into custody after a live broadcast on YouTube took an unexpected turn.
Armstrong’s intention was to confront an individual named Carlos Diaz in an effort to reclaim his Lamborghini. However, the situation quickly spiraled into a series of conspiracy theories before the police intervened.
Notably, Armstrong had previously been ousted from his media company, BitBoy Crypto, following a unanimous decision made in August. It is likely that this incident was a contributing factor to Monday’s altercation.
The Ben token recorded a significant decline, with a drop of over 93% from its all-time high of $0.00000026. Currently, the token is trading at $0.00000001637.
Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!
See More: A Stay At The Floating Palace From James Bond’s ‘Octopussy
Why It Matters: YouTube investigator Coffezilla criticized Armstrong’s actions. He said , “You DO NOT understand how unhinged this really is. Ben Armstrong just showed up at an ex-employee’s (Carlos) house who he accuses of “stealing his lambo”. He decides to bring a WEAPON and the woman he cheated on his wife with?”
However, what makes Coffeezilla wonder is that Armstrong had scheduled the livestream ahead of time. “Carlos saw this coming miles away… and surprise surprise, called the police who immediately arrested Ben.”
Billy Markus, popularly known as Shibetoshi Nakamoto, co-creator of Dogecoin (CRYPTO: DOGE), commented on the situation, calling it “peak comedy” that Armstrong posted about the confrontation, got arrested during the livestream, and ended up in jail.
Last week, Armstrong requested assistance in funding his legal campaign to regain control of BitBoy Crypto. He has received donations exceeding $54,000 received in Ethereum (CRYPTO: ETH), Bitcoin (CRYPTO: BTC), and Cardano (CRYPTO: ADA) addresses.
Photo by Fernando Cortes on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
