NFT
Attorney Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement letter has served as an NFT” to the wallet address associated with the alleged influencer. Kanovitz alleged that Ben.eth “used a manipulative launch strategy” about how the Liquidity Pools (LP) were structured and the way the tokens “dripped out” during the recent pre-sale for its $PSYOP token. Shortly after the accusation, Ben.eth tweeted that 50% of the tokens have been sent and “the rest will be sent shortly”.
SO FAR 50% OF THE $PSYOP PRE-SALE TOKENS HAVE BEEN SENT. THE REST WILL BE SENT IN SHORT ORDER.
— ben.eth (@eth_ben) May 20, 2023
Kanovitz’s letter further stated that Ben.eth was guilty of wire fraud, which is a basic act of extortion and the basis for triple damages against him. The letter demanded a refund and warned of possible legal action if a refund was not issued. Kanovitz threatened a subpoena on the alleged influencer’s communications, which he said would drive the final nails into the coffin. In addition, he suggested a potentially “painful” process for Ben.eth, after a lawsuit, if the letter is not complied with. Kanovitz further added that he will reveal the in-real-life (IRL) identities of the influencers’ conspirators.
Responding to the letter hours later on May 20, Ben.eth said the letter was “so unprofessional it could get them in trouble with the Bar Association.” Despite this, Kanovitz concluded the letter saying, “You’re engaging in real fraud and it’s hurting real people. There will be consequences if you don’t make it right.”
To @eth_ben and @psyopeth:
My law firm, Loevy & Loevy, will file a class action against you in your IRL name if you do not promptly refund all $PSYOP presale buyers.
Our settlement letter has served as an NFT to your ben.eth address, viewable here:… pic.twitter.com/qaxhECDUhb— Mike Kanovitz (@MikeKanovitz) May 19, 2023
Kanovitz and Ben is pretty intense with the former alleging the latter of serious misconduct. However, without further information it is difficult to say who is right. However, it is important that such allegations are taken seriously, especially when such large amounts are involved. Only time will tell how this situation will unfold and what the final outcome will be for everyone involved.
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