The BitBoy's Arrest meme stems from the high-drama fallout involving Ben Armstrong, formerly the face of the BitBoy Crypto brand. In September 2023, Armstrong livestreamed himself arriving at the home of a former business associate to reclaim a Lamborghini, only for local police to arrive and take him into custody while thousands watched live. The surreal footage of the once-dominant crypto influencer being questioned and detained became an immediate viral sensation. It is widely used across social media to satirize crypto drama, public meltdowns, and the consequences of 'keeping it real' on a livestream.