Pseudonymous NFT collector Ben.eth managed to construct his controversial empire amidst PEPE meme coin frenzy, in addition to linking crypto influencers and media personalities to his rip-off meme cash. After duping tens of millions of {dollars} of traders’ cash from $BEN and $PSYOP rug pulls, degen meme coin creator Ben.eth at the moment announced plan to launch one other meme coin dubbed $LOYAL.
Who Is Ben.eth and the Controversy Behind Rip-off Meme Cash
NFT collector Ben.eth began his crypto journey in 2017 and entered NFT in 2021. Since then, he’s been an lively member of the NFT neighborhood however was not a serious influencer. He gained reputation in Might after selling PEPE meme coin and launching $BEN meme coin to attempt his luck within the meme coin season.
Initially, he fully failed with $BEN however the token gained tempo after common crypto content material creator BitBoy determined to purchase it. After the preliminary success, Ben.eth introduced to launch $PSYOP meme coin by way of presale. On Might 17, BitBoy bought all $BEN tokens. Nevertheless, Ben.eth was in a position to increase over $9 million value ETH from $PSYOP presale and different tokens sale.
Ben.eth pockets tackle worth elevated from $2600 on Might 3 to $9.28 million on Might 23. Nevertheless, the funds have been moved out of the pockets tackle. The present stability now stands at 3450 ETH value $6.3 million, as per Etherscan.
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Ben.eth Launching $LOYAL Meme Coin
On Might 27, Ben.eth introduced launching one other rip-off meme coin on Memorial Day naming it $LOYAL. He seeks individuals to ship ETH to his pockets tackle and guarantees to not maintain this provide as different prior tokens.
Different meme cash he launched pumped and dumped. The brand new meme coin can be anticipated to be a rug pull. Thus, the crypto neighborhood ought to steer clear of such cash.
3RD TIME IS A CHARM.
MEMORIAL DAY WEEKEND.
IF YOU WEREN’T A BELIEVER BEFORE, NOW IS YOUR CHANCE TO BECOME ONE.
SEND TO BEN.ETH
OR
0x91364516D3CAD16E1666261dbdbb39c881Dbe9eE
FOR 33% OF THE ABSOLUTE TOTAL SUPPLY.
I WILL NOT HOLD THE SUPPLY OF THIS TOKEN HEAVY LIKE THE…
— ben.eth (@eth_ben) May 27, 2023
BEN and PSYOP creator ben.eth is threatened with class motion lawsuits for deceptive traders and alleged wire fraud prices. Mike Kanovitz, a companion at regulation agency Loevy & Loevy, and CEO at Jurat Blockchains, filed a lawsuit towards ben.eth if he doesn’t refund PSYOP presale patrons.
On-chain sleuth ZachXBT has additionally shared proof of deceptive traders and elevating 10,000 ETH from PSYOP presale. He additionally warned that Ben.eth is retweeting hacked Steve Aoki, Psyop phishing scammer, Jared MEV Bot Proprietor impersonator.
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