Influencer demands settlement via NFT after $7M token presale

A non-fungible token (NFT) influencer has been served with a settlement demand via NFT, who casually dropped the “F bomb” multiple times and “minimally” went viral on a recent $7 million token presale. Accused the influencer of engaging in fraud.

On May 20, attorney Mike Kanowitz, partner at Loevy & Loevy, said on Twitter that the “settlement demand letter acted as an NFT” to a wallet address associated with the alleged affected person ‘Ben.eth’, whose actual identity remains anonymous Is.

He alleged that Ben.eth was “a manipulator” regarding how the Liquidity Pool (LP) was structured and “tricked out” on the recent presale for their token $PSYOP. Launch strategy used” – Ben.eth soon after the allegation Tweeted that 50% of the tokens have been shipped and “the rest will be shipped in short order.”

“At a minimum, you will be guilty of wire fraud, which is a predicate act for racketeering and is the basis for a treble damages award (7 million becomes $21 million) against you,” the letter said.

To @eth_ben And @psyopeth ,
If you don’t refund all then my law firm, Lowery & Lowery, will file a class action against you under your IRL name. $PSYOP Pre-sale buyers immediately.
Our settlement demand letter served as NFT to your ben.eth address, which can be viewed at:… pic.twitter.com/qaxhECDUhb

— Mike Kanovitz (@MikeKanovitz) May 19, 2023

Kanowitz states in the letter that “Comeback is a stand-up thing.” However, he warned of possible legal action if a refund is not provided:

“Then, just send the ETH back. The case will be over, and you and your victims can all go on with your lives. But if you insist on fucking thousands of people, my law firm is here to right that injustice.” Will take steps

Furthermore, he suggested a potentially “painful” process for Ben.eth following the court filing if it does not cooperate with the letter.

“This suit will name you personally as well as your surname and will be served at your home”, he added.

Kanowitz further threatened a subpoena over the influencer’s alleged communications, saying, “This evidence will put the final nail in your coffin.”

He further said that he would reveal the real-life (IRL) identities of the influencers’ co-conspirators.

Kanowitz 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 fix it.”

Connected: NFT court orders could become a norm in crypto-related litigation: lawyer

Ben.eth replied to the letter hours later on May 20, saying that the letter was “so unprofessional it could get them in trouble with the bar association.”

Cointelegraph reached out to Ben.eth for comment but did not receive a response by the time of publication.

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