It was recently launched by an anonymous Twitter user ben.eth and claimed to be a fake project. PSYOP altcoin This time, the news of the lawsuit came.
The anonymous founder, ben.eth, promised to airdrop the altcoin on Twitter. Ethereum He shared the address and collected about 7 million dollars in a short time.
However, many analysts and experts stated that the token in question would be worthless and warned users not to send tokens to this Ethereum address.
PSYOP Token Holders Lose 50 Percent in 1 Day
According to the latest data, holders of PSYOP altcoins distributed by ben.eth have lost 50%, and when they sell their acquired PSYOP tokens, they can receive half as much ETH as the Ethereum they sent.
After this damage cryptocurrency Mike Kanovitz, a lawyer close to the world, claimed that he is facing a class action lawsuit if ben.eth does not return the Ethereum tokens it received:
“To eth.me and PSYOP:
My law firm, Loevy & Loevy, will file a class action lawsuit against you in your real name if you do not promptly refund all PSYOP presale buyers.
Our settlement request letter has been sent as NFT to your ben.eth address.”
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:… pic.twitter.com/qaxhECDUhb— Mike Kanovitz (@MikeKanovitz) May 19, 2023
In response, ben.eth said it would file a lawsuit against Mike Kanovitz.
There are strong suspicions that the token in question is a pump-and-dump scheme.
Many investors from Turkey also state that they sent ETH to this person with the promise of earning an airdrop.
In order not to be affected by such situations, experts warn investors to stay away from all kinds of projects that promise astronomical profits. In addition, people who ask for any payment from you with the promise that they will send more later should not be respected.
*Not investment advice.
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