A nonfungible token (NFT) influencer has been served with a settlement demand via NFT – which casually dropped the “F bomb” several times – alleging that the influencer engaged in wire fraud “at a minimum,” on a recent $7 million token presale.
Lawyer Mike Kanovitz, a partner at Loevy & Loevy, stated in a tweet on May 20 that a settlement demand letter has been served as an NFT to the wallet address associated with the influencer known as ‘Ben.eth,’ whose real identity remains undisclosed.
He alleged that Ben.eth “used a manipulative launch strategy” for the token ‘$PSYOP,’ which raised $7 million in its inital pre-sale over 72 hours.
The concerns revolved around how the Liquidity Pools (LP) were structured and the way that the tokens “trickled out” during the presale.
Shortly after the accusation, Ben.eth tweeted that 50% of the tokens have been sent out and “the rest will be sent in short order.”
“At a minimum, you would be guilty of wire fraud, which is a predicate act for racketeering and the basis for a treble damages award against you ($7 million becomes $21 million)” the letter stated.
To @eth_ben and @psyopeth :
My law firm, Loevy & Loevy, will be filing a class action against you in your IRL name if you do not refund all of the $PSYOP presale purchasers immediately.
Our settlement demand letter has served as an NFT to…
