Usa NFT United States Law regulation Court Usa

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

Reading now: 810

A nonfungible token (NFT) influencer got served with a settlement demand via NFT, which casually dropped the "F bomb" several times and alleged the influencer engaged in wire fraud "at a minimum" on a recent $7 million token presale.Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement demand letter has served as an NFT” to the wallet address associated with the alleged influencer known as ‘Ben.eth,’ whose real identity remains undisclosed.He alleged that Ben.eth “used a manipulative launch strategy” over how the Liquidity Pools (LP) were structured and the way that the tokens "trickled out" on the recent presale for his token $PSYOP – shortly after the accusationBen.eth tweeted that 50% of the tokens have been sent out and “the rest will be sent in short order.”“At a minimum, you would be guilty of wire fraud, which is a predicate act for racketeering and the basis for a treble damages award against you ($7 million becomes $21 million)” the letter stated.To @eth_ben and @psyopeth :My law firm, Loevy & Loevy, will be filing a class action against you in your IRL name if you do not refund all of the $PSYOP presale purchasers immediately.

Our settlement demand letter has served as an NFT to your ben.eth address, viewable here:… stated in the letter that a “refund is the stand-up thing to do.” However, he warned of potential legal action if refunds weren’t provided:Furthermore, he suggested a potential “painful” process for Ben.eth, following a court filing, if the letter is not cooperated with.“The suit will name you personally as well as your alias and will be served at your home” he stated.Kanovitz further threatened a subpoena on the

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News