Influencer served settlement demand via NFT, following $7M token presale

A non-fungible token (NFT) influencer has received a settlement request via NFT, claiming he was involved in “at least” telecom fraud during a recent $7 million token presale. NFT casually dropped “F-bombs” several times.

Loevy & Loevy partner attorney Mike Kanowitz said on Twitter on May 20 that the settlement request was delivered as an NFT to a wallet address associated with the alleged influencer known as “Ben.eth.” Stated. It remains unpublished.

He claimed that Ben.eth “used a manipulative launch strategy” for the $PSYOP token, raising $7 million in its initial 72-hour presale. Concerns revolved around how the liquidity pool (LP) was structured and how the tokens “tumbled out” during the presale.

Ben Es right after the accusation tweeted 50% of the tokens have been sent and “the rest will be sent soon”.

“At the very least, you will be found guilty of wire fraud, which is the precondition for extortion and the basis for a triple damages award against you ($7 million becomes $21 million).” stated in the letter.

To @eth_ben and @psyopeth :
My law firm, Loevy & Loevy, will file a class action lawsuit against you in the name of IRL if you do not refund the full amount. $PSYOP Pre-sale buyers immediately.
Our Settlement Request Letter acted as an NFT to your benefit address. You can find it here:… pic.twitter.com/qaxhECDUhb

— Mike Kanovitz (@MikeKanovitz) May 19, 2023

“Refunds are the right thing to do,” Mr. Kanowitz said in the letter. However, he warned that legal action could be taken if the refund is not made.

“Then send ETH back. The problem is over and you and the victim can all move on with their lives. But if you stick to fucking thousands of people, I law firm will do everything in its power to right that injustice.”

He further suggested that failure to cooperate with the letter could result in “painful” proceedings for Ben-Ess after filing with the court.

“The lawsuit will have your personal name and alias on it and will be sent to your home,” he said.

Kanowitz also threatened to issue subpoenas for alleged communications with influencers, saying “that evidence will be the final nail in the coffin.”

He added that it will reveal the real-world (IRL) identities of influencer co-conspirators.

Kanowitz ended the letter by saying, “You are committing real fraud and harming real people. If you don’t do it right, there will be consequences.”

Related: NFT Court Order Could Be Standard in Crypto Litigation: Lawyer

Ben Es replied to the letter hours later on May 20, saying the letter was “unprofessional enough to get you into trouble with the bar association.”

Cointelegraph reached out to Ben.eth for comment, but did not receive a response prior to publication.

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