The creator of a memecoin referred to as $PSYOP has accused one other particular person of imitating his token, whereas the token itself has been referred to as a rip-off by an impartial media studio.
$PSYOP creator says different token is rip-off
Twitter consumer eth_ben (@ben.eth) stated that one other consumer by the identify of @3orovik has launched a separate $PSYOP token with the identical identify as his personal.
On May 18, @ben.eth wrote on Twitter:
“No token launched but. All the things else is a rip-off. Chill. Going over the [liquidity pool] numbers now.”
Each @ben.eth and @3orovik stated that any hypothetical investigation by the Securities and Change Fee (SEC) wouldn’t discover any transactions between them. There doesn’t seem like any investigation underway regardless of their considerations.
$PSYOP itself has little substance, and profiles associated to the token function crude paintings. As such, the asset has little integrity no matter its creator’s intentions.
Media studio denounces undertaking
Individually, a media studio additionally named Psyop tried to distance itself from the token on May 16. It stated it had no relationship with @ben.eth’s token and stated that associated spam accounts are “infringing [its] model’s content material to advertise the bogus token.”
The media studio alleged that the $PSYOP token is a “rip-off from prime to backside.” It additionally stated that has reported the token sale, although it didn’t say who it reported the sale to.
“We hope to see all of it eliminated ASAP,” the studio stated.
There isn’t a indication that @ben.eth meant for the token to capitalize on the studio, which itself seems to be a minor firm. Nonetheless, the studio’s complaints have benefit because of the token’s general lack of integrity.
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