“He’s got my Lambo in his garage!” What Crypto story would be real without the quintessential Lambo.
Ben Armstrong, also known as BitBoy Crypto, is a popular crypto YouTuber with over 1.4 million subscribers. He is known for his enthusiastic and often outspoken videos about the crypto market.
On September 25, 2023, Armstrong was arrested during a livestream while attempting to confront his former business partner, Carlos Diaz, at Diaz’s home. Armstrong accused Diaz of stealing his Lamborghini and extorting him.
The arrest came after a series of escalating events between Armstrong and Diaz. In August 2023, Armstrong was ousted from the BitBoy Crypto media company, which he had co-founded with Diaz. The company’s board of directors said that Armstrong had engaged in “conduct unbecoming of an officer and director.”
Armstrong denied the allegations and accused Diaz of trying to force him out of the company. He also claimed that Diaz had taken possession of his Lamborghini without permission.
On the day of his arrest, Armstrong livestreamed himself driving to Diaz’s house. He arrived at the house and rang the doorbell, but no one answered. Armstrong then began to pace around the property, yelling at Diaz to come out.
Shortly after, police arrived and arrested Armstrong. He was charged with loitering/prowling and simple assault by placing another in fear.
Armstrong was released on bail the following day. He has since denied any wrongdoing and has vowed to clear his name.
What led up to the arrest?
The lead-up to Armstrong’s arrest is a complex and messy story. There are two sides to the story, and it is difficult to say definitively who is right and who is wrong.
According to Armstrong, Diaz began to extort him after he was ousted from BitBoy Crypto. Diaz allegedly threatened to release damaging information about Armstrong if he did not give him money and his Lamborghini.
Armstrong also claimed that Diaz had taken possession of his Lamborghini without permission. He said that he had asked Diaz to return the car, but Diaz refused.
Diaz has denied all of Armstrong’s allegations. He claims that Armstrong is lying and that he is trying to extort him. Diaz also said that he has legal ownership of the Lamborghini.
It is unclear what will happen next in this saga. Armstrong has said that he plans to sue Diaz for defamation and extortion. Diaz has said that he will countersue Armstrong for harassment and intimidation.
The aftermath of the Arrest
Armstrong’s arrest has had a significant impact on his career. He has been banned from YouTube and Twitter, and his BitBoy Crypto channel has been taken down.
Armstrong is also facing legal repercussions. He is scheduled to appear in court in October 2023 on the charges of loitering/prowling and simple assault by placing another in fear.
It is still too early to say what the long-term impact of Armstrong’s arrest will be. However, it is clear that he has fallen from grace in the crypto community.
