Cryptocurrency luminary Ben Armstrong, who used to go by the name BitBoy Crypto, has been released from jail after spending eight hours behind bars, while his mugshot photos are spreading rapidly across the internet. : What are the companies in India's three-way payments

As reported earlier today, BitBoy Crypto was arrested on suspicion of "loitering/wandering" and "simple assault by threatening another person to make them fearful," with bail set at $2,600.

Ben Armstrong, who was recently fired from his own company, was stopped and arrested by police on his way to question a former colleague. It was all captured on a live stream on YouTube.

pic.twitter.com/v9yL1OgFHk- db (@tier10k) 26 September 2023

BitBoy Crypto Returns to Twitter After a Night in Prison

BitBoy made a series of posts on Platform X (formerly Twitter) revealing a conflict between him and a former colleague at HitNetwork. This is the same company that Armstrong is suing, accusing it of orchestrating a coup against him.

Armstrong had intended to retrieve his Lamborghini from TJ Shedd, who claimed the car had been extorted from him.

This is one of the toughest tweets I've ever written. I need to admit something I never thought I'd admit.

I'm not even sure I have the courage to speak out about it, but I'm going to try my best.

Come on: my name is Ben and I'm a rambler. I was in jail for a whole 8 hours - Ben Armstrong alias BitBoy Crypto (@BenArmstrongsX) 26 September 2023

After his release, Ben posted on X, "My name is Ben and I'm a loafer. I was in jail for 8 whole hours." He also clarified that he wasn't on drugs at the time of his arrest and stated that he was "full of adrenaline because I finally confronted my bullies." Ben further tweeted:

"My uncle TJ and his men created a world for me that made me almost kill myself ...... like I was holding a gun in my hand."

Cryptocurrency community reacts hilariously to this arrest

Since late Monday night, Ben Armstrong has been trending on social media platforms for live-streaming his arrest while trying to retrieve his Lamborghini.

The cryptocurrency community's reaction to Ben's arrest was interesting. tweeted Alex:

"BitBoy gets a $200,000 donation, immediately buys a bag of cocaine, calls his mistress, goes to steal a Lamborghini, livestreams the whole thing, and gets arrested."

Bitboy, he's crazy.

Raises $200,000, immediately buys a bag of cocaine, calls his mistress, goes and steals a Lamborghini, livestreams the whole thing and gets arrested - CryptoCharles (@CryptoCharles__) September 26, 2023

Ben Armstrong-backed token BEN drops more than 20% after arrest.

Ben Armstrong-backed token BEN drops more than 20% after arrest.