Ben Armstrong, known in the crypto community as 'BitBoy', was arrested on June 27, 2025, in Cherokee County, Georgia, facing six charges of harassing phone calls.
Background of the Arrest
Ben Armstrong, known as 'BitBoy', was arrested on charges of harassing phone calls. He has a history of controversies, including a federal defamation lawsuit and prior arrests. His most recent arrest occurred in Cherokee County, Georgia, on June 27, 2025, from which he was released on bond the following day.
After being ousted from HIT Network in 2023 amid allegations of financial mismanagement, Armstrong's influence in the crypto industry has diminished. His social media accounts have been inactive since June 2025, and he has not commented on the charges.
Market Impact
Despite Armstrong's arrest, there is no measurable impact on cryptocurrency markets. His previous legal troubles have lessened his influence, and his absence from recent projects means the charges have not affected major cryptocurrencies like ETH or BTC. No liquidity crises or project delays have been reported.
Insights and Repercussions
Insights from the case suggest potential impacts on influencer dynamics rather than financial markets. 'This episode is seen as further evidence for caution around influencer culture.' Armstrong's diminished influence has prevented any immediate repercussions in project funding or broader crypto sectors. His situation serves as a cautionary tale for influencer accountability.
Ben Armstrong's arrest raises questions about the influence of crypto influencers on the industry but shows that the charges against a specific individual do not always lead to market changes.
