PSYOP Founder Accused Of Misleading Buyers, Requested Refund For Presale

NFT

Recently, Ben.eth, the founder of the PSYOP token, has been surrounded by controversy for handling the presale. In a letter sent through NFT, a law firm known as Loevy & Loevy has sent a letter through NFT demanding that Ben.eth refund all presale buyers or face a class action lawsuit. The letter accuses him of deliberately misleading buyers and keeping promises. It also warns of potential legal ramifications, including wire fraud and triple damages.

And, to be clear, the term “fuck up” is overly generous to you. There is every reason for a jury to find that you deliberately misled the buyers, making and reneging on serial promises and using a manipulative launch strategy with the way you structured the LP pools and leaked the tokens. At the very least, you would be guilty of wire fraud, which is a basic act of extortion and the basis for a triple damages against you ($7 million becomes $21 million).

Mike Kanovitz wrote in the letter

In response, Ben.eth called the lawyers “real grifters” and claimed to own nothing in his name. Many of the community have disapproved of the letter; some call it unprofessional and embarrassing,”Okay, I won’t lie, this is a terribly written letter – it can’t be real.“

In a previous tweet, he warned token holders not to move their PSYOP tokens if they want to receive additional tokens in the future, and has pledged not to sell his PSYOP stock, but only give it to holders.