A “launch strategy” was alleged over how the liquidity pools were structured and how the tokens “trickled out.“
Ben.eth, a nonfungible token (NFT) influencer, has obtained a settlement demand using an NFT. The claim asserts that during a recent $7 million token presale, the influencer committed wire fraud. The compensation demand, presented as an NFT, used coarse language to accuse the influencer of engaging in dishonest behavior.
A law firm named Loevy & Loevy delivered the settlement demand to Ben.eth’s wallet address. The legal issue and the claims of wire fraud are made more intriguing by the influencer’s genuine identity’s continued secrecy.
In view of the expanding NFT market, the settlement demand, which was provided in the form of an NFT, represents a novel approach to legal procedures. It highlights the novel methods in which legal claims are being raised and served in the digital era, demonstrating how technology, blockchain, and legal systems are growing together.
Ben.eth allegedly “used a manipulative launch strategy” for the Psyop (PSYOP) token, which raised $7 million in its initial presale over a period of 72 hours, according to his allegations.