Binance News: Crypto Influencer BitBoy Arrested in Florida Over Alleged Promotion of Unregistered Securities

In a significant development in the cryptocurrency world, popular crypto influencer BitBoy (real name Ben Armstrong) has been arrested in Florida. Here’s a detailed look at what led to his arrest and its potential implications.

Crypto Influencer BitBoy Arrested in Florida After Sharing Warrant Online

Crypto influencer BitBoy (Ben Armstrong) was arrested in Florida on March 25, 2025, after revealing on social media that a warrant had been issued against him. Armstrong had a prior arrest in September 2023 while livestreaming outside a former associate’s home. He also filed a lawsuit for allegedly promoting Binance’s unregistered securities. Sources indicate that Armstrong faces up to 3 years in prison without bail for harassing and threatening a Cobb County Police Chief and a Supreme Court Judge.

MOVE Eyes 65% Rally Amid $32m Buyback Plan and Whale Accumulation

MOVE surged 32% to a 2-month high of $0.594 on March 26, with its market cap reaching $1.36 billion. The surge came after the Movement Network Foundation announced it had recovered $38 million in USDT from a now-banned malicious market maker that had been operating on Binance. The market maker was originally brought in to provide liquidity for MOVE but turned malicious, dumping 66 million MOVE tokens. This event triggered renewed interest among whales, leading to a 7-fold increase in daily trading volume to around $829 million.