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 buyers’ cash from $BEN and $PSYOP rug pulls, degen meme coin creator Ben.eth in the present day announced plan to launch one other meme coin dubbed $LOYAL.
Who Is Ben.eth and the Controversy Behind Scam Meme Coins
NFT collector Ben.eth began his crypto journey in 2017 and entered NFT in 2021. Since then, he’s been an energetic member of the NFT neighborhood however was not a serious influencer. He gained recognition in May after selling PEPE meme coin and launching $BEN meme coin to attempt his luck within the meme coin season.
Initially, he utterly failed with $BEN however the token gained tempo after standard crypto content material creator BitBoy determined to purchase it. After the preliminary success, Ben.eth introduced to launch $PSYOP meme coin by means of presale. On May 17, BitBoy offered all $BEN tokens. However, Ben.eth was in a position to raise over $9 million value ETH from $PSYOP presale and different tokens sale.
Ben.eth pockets deal with worth elevated from $2600 on May 3 to $9.28 million on May 23. However, the funds have been moved out of the pockets deal with. The present steadiness now stands at 3450 ETH value $6.3 million, as per Etherscan.
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Ben.eth Launching $LOYAL Meme Coin
On May 27, Ben.eth introduced launching one other rip-off meme coin on Memorial Day naming it $LOYAL. He seeks folks to ship ETH to his pockets deal with and guarantees to not hold this provide as different prior tokens.
Other meme cash he launched pumped and dumped. The new meme coin can also be anticipated to be a rug pull. Thus, the crypto neighborhood ought to avoid 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 buyers and alleged wire fraud costs. 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 consumers.
On-chain sleuth ZachXBT has additionally shared proof of deceptive buyers 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 Owner impersonator.
Also Read: Binance CEO Reacts To China Releasing Web 3.0 White Paper Amid Hong Kong Crypto Push
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