NFT
A nonfungible token (NFT) influencer was served with a settlement request through NFT, which casually dropped the F-bomb several times alleging that the influencer engaged in wire fraud in a recent $7 million token presale.
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 known as ‘Ben.eth ‘, whose real identity remains secret.
He alleged that Ben.eth was “using a manipulative launch strategy” about how the Liquidity Pools (LP) were structured and the way the tokens trickled into the recent presale for its $PSYOP token – shortly after the allegation, Ben.eth tweeted that 50% of the tokens have been sent and “the rest will be sent shortly.”
“You would be guilty of at least wire fraud, which is a basic act of extortion and the basis for a triple damages against you ($7 million becomes $21 million),” the letter read.
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 stated in the letter that a “reimbursement is the stand-up to do.” However, he warned of possible legal action if a refund was not issued:
“So, just return the ETH. The case will be over, and you and your victims can all get on with their lives. But if you insist on fucking thousands of people, my law firm will step in to right that wrong.
In addition, he suggested a potentially “painful” process for Ben.eth, after a lawsuit, if the letter is not complied with.
“The suit will name you personally and your alias and will be served at your home,” he said.
Kanovitz further threatened a subpoena of the alleged influencers’ communication, saying “that evidence will drive the final nails in your coffin.”
He further added that he will reveal the in-real-life (IRL) identities of the influencers’ co-conspirators.
Kanovitz concluded the letter by saying, “You’re engaging in real fraud and it’s hurting real people. There will be consequences if you don’t make it right.”
Related: NFT court orders may become a norm in crypto-related litigation: lawyers
Ben.eth responded to the letter hours later on May 20, saying the letter was “so unprofessional it could get them in trouble with the Bar Association.”
Cointelegraph reached out to Ben.eth for comment, but received no response at time of publication.
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