In the midst of the PEPE meme coin craze, pseudonymous NFT collector Ben.eth was able to establish his contentious empire and link media figures and crypto influencers to his fake meme coins. Following the theft of millions of dollars from investors through the $BEN and $PSYOP rug pulls, inventor of the degenerate meme coin Ben.eth today announced plans to introduce the $LOYAL.
Who Is Ben.eth And What's The Scandal About Scam Meme Coins?
Ben.eth, an NFT collector, began his cryptocurrency journey in 2017 and entered NFT in 2021. Since then, he has participated actively in the NFT community but has not had a significant impact. He became well-known in May after introducing the $BEN and PEPE meme coins to try his luck during the meme coin season.
With $BEN, he initially entirely failed, but after BitBoy, a well-known maker of cryptocurrency content, chose to purchase it, the token gained momentum. Following the initial success, Ben.eth declared that $PSYOP meme currency would be launched through a presale. All $BEN tokens were sold by BitBoy on May 17. However, with the sale of other tokens and the $PSYOP presale, Ben.eth was able to raise almost $9 million in ETH.
On May 3, the value of the Ben.eth wallet address was $2600. On May 23, it was $9.28 million. The money has since been transferred from the wallet address, nevertheless. According to Etherscan, the balance is currently 3450 ETH, or $6.3 million.
$LOYAL Meme Coin Launch
On May 27, Ben.eth announced the debut of $LOYAL, a new scam meme coin, on Memorial Day. He asks for ETH to be sent to his wallet address and guarantees not to limit the supply like he did with earlier currencies.
He launched, inflated, and dropped additional meme currencies. It's also anticipated that the next meme currency will be a rug pull. The crypto community should steer clear of such coins as a result.
Creator of BEN and PSYOP ben.eth faces class action lawsuits for allegedly deceiving investors and wire fraud allegations. If ben.eth doesn't reimburse PSYOP presale purchasers, Mike Kanovitz, a partner at the legal firm Loevy & Loevy and the CEO of Jurat Blockchains, has launched a lawsuit against him.
ZachXBT, an on-chain detective, has also released evidence of deceiving investors and obtaining 10,000 ETH from the PSYOP presale. Additionally, he stated that Ben.eth is retweeting fake Jared MEV Bot Owner, Psyop phishing fraudster, and hacked Steve Aoki.
SOURCE:
https://coinaquarium.io/news/following-ben-and-psyop-degen-ben-eth-will-release-a-third-scam-meme-coin/
