Crypto Influencer Receives a $7M Token Settlement Demand

Anonymous crypto influencer known as “ben.eth” has found themselves entangled in a legal dispute involving a $7 million pre-sale of the $PSYOP tokens. 

In a tweet posted on May 20, a founding partner at the legal firm Loevy & Loevy, Mike Kanovitz, claimed that a settlement demand letter had been delivered as an NFT to the wallet address linked to Ben.eth, whose real name is still unknown.

According to Mike Kanovitz, the influencer used “a manipulative launch strategy” of the $PSYOP token. The latter raised approximately $7 million during its presale, which lasted over 72 hours. Kanovitz’s concerns include the structure of the project’s liquidity pools and the fact that the tokens were not sent out straight away. 

In the letter, Loevy & Loevy invites Ben.eth to refund their “victims” with ETH. “The matter will be over, and you and your victims can all go on with their lives,” states Kanovitz’s letter. If the influencer does not oblige, Mike Kanovitz will reveal the real-life identities of ben.eth’s co-conspirators and proceed with filing suit in the United States District Court for the District of Arizona. 

Published: 22 May 2023, 5:45 am Updated: 22 May 2023, 5:45 am

Ben.eth responded to Mike Kanovitz by filing a counter-suit against Loevy & Loevy’s partner’s real name, metaverse, and ENS names. The anonymous crypto influencer has sent Kanovitz a settlement demand letter as an NFT. However, the “document” looks more like a prank, with “69 Tate Street” stated as the legal address and “Benjamin Ethaniel” as the influencer’s name. 

To @MikeKanovitz:

My law firm, Psyop Legal, will be filing a counter-suit against you in your IRL name, as well as your metaverse and ENS ones if you do not retract your lawsuit against the wonderful men and women working on $PSYOP.

Our settlement demand letter has been served… pic.twitter.com/eRm2Cvx5XF

— ben.eth (@eth_ben) May 20, 2023

It’s worth noting that individuals who purchased $PSYOP tokens started realizing that the project was a potential scam following Mike Kanovitz’s tweet. 

Lol, you still didn’t get this. You been scammed. These PPL have looted many.

— MS 🇮🇳 (@crypto_bar_) May 20, 2023

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