{"id":7408,"date":"2023-05-22T10:13:07","date_gmt":"2023-05-22T10:13:07","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/22\/virtual-identity-real-accusations-ben-eth-legal-troubles-nft-news-today\/"},"modified":"2023-05-22T10:13:07","modified_gmt":"2023-05-22T10:13:07","slug":"virtual-identity-real-accusations-ben-eth-legal-troubles-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/22\/virtual-identity-real-accusations-ben-eth-legal-troubles-nft-news-today\/","title":{"rendered":"Virtual Identity, Real Accusations: Ben.eth Legal Troubles – NFT News Today"},"content":{"rendered":"

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In what could only be described as a uniquely digital-age twist, an NFT influencer, known by his alias Ben.eth, has been served with a settlement demand, via an NFT. The demand, laced with profanity, accuses the influencer of engaging in wire fraud, at the least, relating to a recent $7 million token presale<\/a>.<\/p>\n

Mike Kanovitz, a partner at the law firm Loevy & Loevy, announced this development via Twitter on May 20. The influencer\u2019s true identity remains veiled, much like many players in the digital realm. The legal manoeuvre highlights the often blurred lines between online personae and the real-world repercussions of digital actions.<\/p>\n

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To @eth_ben<\/a> and @psyopeth<\/a> :
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<\/a> presale purchasers immediately.
Our settlement demand letter has served as an NFT to your ben.eth address, viewable here:\u2026 pic.twitter.com\/qaxhECDUhb<\/a><\/p>\n

\u2014 Mike Kanovitz (@MikeKanovitz) May 19, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The bone of contention is the Psyop (PSYOP) meme token<\/a> launch strategy, which the influencer allegedly manipulated. This token saw an influx of $7 million in its initial presale within just 72 hours. The handling of liquidity pools and the rate at which tokens were dispersed post-presale is what stirred concerns.<\/p>\n

Responding in his typical virtual realm, Ben.eth took to Twitter shortly after the publication of the demand letter. He assured that half of the tokens had been dispatched, promising the remainder to follow soon.<\/p>\n

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Even with this, the demand letter forecasts a bumpy ride for Ben.eth if compliance isn\u2019t swift. It unequivocally states that a suit will target not only Ben.eth\u2019s alias but his personal identity, and it will be served at his home. Kanovitz further promises to pull the curtain back on the influencer\u2019s confederates, exposing their identities as well.<\/p>\n

He underlines the severe nature of the allegations by saying, \u201cYou are engaging in real fraud, and it is hurting real people. There will be consequences if you don\u2019t make it right.\u201d Ben.eth, unfazed, retweeted the letter later on May 20, dismissing it as \u201cso unprofessional it could get them in trouble with the bar association.\u201d<\/p>\n

In an age where internet personalities often toe the line between virtual actions and tangible consequences, this case is a clear reminder that actions in the digital sphere can carry real-world implications. It\u2019s also not the first time NFTs have been used<\/a> in the courts.<\/p>\n<\/div>\n