Famous NFT Influencer Under Fire: He’s Accused of Fraud

In a statement posted on Twitter, attorney Mike Kanovitz issued a stern warning to the popular NFT influencer Ben.eth, demanding that he repay all of the funds from his most recent pre-sale . Kanovitz's anger is made abundantly obvious by his repeated usage of many "f-words" in the published article .

Lois ZaytsawMay 22, 2023

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In a statement posted on Twitter, attorney Mike Kanovitz issued a stern warning to the popular NFT influencer Ben.eth, demanding that he repay all of the funds from his most recent pre-sale . Kanovitz’s anger is made abundantly obvious by his repeated usage of many “f-words” in the published article .

Ben.eth Provided with a Settlement Request Document Prior to the Litigation

Partner at Loevy & Loevy legal firm Mike Kanovitz tweeted on May 20 that a settlement request document had been delivered as NFT to the wallet address connected with the influencer known as Ben.eth, the real identity of whom has not been disclosed .

Ben.eth’s Psyop (PSYOP) token purportedly garnered $7 million in its first pre-sale within 72 hours despite the company’s misleading marketing plan . There were certain issues with the pre-sale namely with the construction of the liquidity pools (LP) and the exportation of tokens .

The Legal Process Can Be Pretty “Painful” for Ben.eth

Ben.eth, who uploaded the paper on Twitter, later stated that half of the tokens had been distributed and the remainder will follow soon . Statements such as these might be found in the document:

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

The appropriate action, according to Kanovitz, is to request a refund . However, he did issue a stern warning about the consequences of not receiving a refund:

“Then, just give back the ETH . Everything will work out in the end . Both you and others you hurt may go on with your life . My company will take legal action to right this wrong if you persist in victimizing thousands of individuals .”

Kanovitz said that Ben.eth may be in for a “painful” procedure if he disobeyed the order .

Ben.eth Found the Announcement “Unprofessional”

The document said “The suit will name you personally as well as your alias and will be served at your home .” Kanovitz said that he will bring the influencer’s contact details to court, claiming, this “will put the final nails in your coffin .” He also said that influential people will reveal their accomplices’ true identities . When Kanovitz ended up saying:

“You’re engaging in real fraud, and it is hurting real people . There will be consequences if you don’t make it right .”

Ben.eth replied to the tweet a few hours later on May 20, writing that the letter was “unprofessional enough to get them in trouble with the bar .”