The creator of the memecoin $PSYOP, known as 'Ben.eth', has been served a legal notice in the form of an NFT by Web3 advocate and Loevy & Loevy law firm partner Mike Kanovitz. The dispute centers around the $PSYOP liquidity pools and the slow distribution of tokens following the presale, with Kanovitz accusing Ben.eth of using manipulative tactics.
Kanovitz has threatened to file a class action lawsuit against Ben.eth if all presale purchasers are not refunded immediately. The incident highlights the importance of ethical practices, transparency, and regulatory compliance in the evolving world of NFTs.
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