NEW YORK, NY - AUGUST 16:  Desiigner attends From Blitz To Hits 6th Anniversary Celebration at Stage 48 on August 16, 2016 in
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Update (9/10): The gun charges against Desiigner have been dropped and he's been arraigned. He didn't waste time hitting the Gucci store with Tyga (side note, their new song is called...Gucci Snakes) or tweeting:

Original story (9/9): Rolling Stone has confirmed that "Panda" rapper Desiigner was arrested in New York City on Thursday night alongside four others. Kanye West's 19-year-old G.O.O.D. Music signee—birth name Sidney Selby—was reportedly in an SUV when the driver got involved in a verbal altercation with another driver. 

"The driver of the other car called 911 and claimed Desiigner pointed a gun at him. The SUV left but the driver of the car took down the license plate number," TMZ writesPage Six adds that Desiigner first exited the vehicle and flicked a cigarette at the man, age 42. Police located Desiigner & Co. and found "a large quantity" of Oxycontin and other prescription medications.

Desiigner and his squad were, per TMZ, "arrested and charged with criminal possession of a controlled substance and criminal possession of drugs with intent to sell, which are felonies." Desiigner himself landed charges for felony criminal possession of a loaded weapon and "menacing."

As of TMZ's 9:34 a.m. post, all five remain in custody.

Listen to Fuse's Back of the Class podcast talk about Desiigner's debut mixtape New English at the 1:40 mark in the episode below: