The memecoin project PSYOP, which attracted attention with its $ 7 million entry into the crypto money market, is facing many fraud claims! So, what are the reasons behind these claims? Here are the details…
The newly released altcoin PSYOP is at the center of many scam claims!
PSYOP, an emerging altcoin project in the cryptocurrency market, has been caught in the middle of a lot of controversy. For PSYOP, which is at risk of fraud by some experts, experts recommend investors be careful. On the other hand, Twitter user eth_ben (@ben.eth) said that another user @3orovik has launched a separate PSYOP token with the same name. Ben_eth, who attracted the attention of many investors with the tweets he shared on May 18, conveyed the following words:
No token released yet. Everything else is a scam. Chill. Going over the LP numbers now. $PSYOP.
— ben.eth (@eth_ben) May 18, 2023
No coin has been released yet. Everything else is a scam and a scam. Investors should stay calm. I’m going over the liquidity pool numbers instantly
Memecoin project PSYOP itself has little instant content, and the token-related profiles contain raw artwork. However, both @ben.eth and @3orovik said that any hypothetical investigation by the Securities and Exchange Commission (SEC) would not find any transactions between them. Despite their concerns, there doesn’t seem to be any ongoing investigation. Many crypto experts recommend that investors stay away from this altcoin project.
A media studio sharing the same name denied the allegations!
On the other hand, statements from other companies draw attention. A media studio called Psyop revealed its reaction with a tweet on May 16, 2023. The studio stated that it had nothing to do with the @ben.eth token and that the associated spam accounts “violated the content of its brand to promote this fake coin.”
— Psyop (@psyop) May 16, 2023
However, media studio Psyop has suggested that the PSYOP coin is a “bottom-up fraudulent method.” However, the studio said, “We hope to see all this removed as soon as possible.” There is no indication that Ben.eth intends to capitalize on the studio, whose token itself appears to be a small company, but the studio’s complaints are justified by many experts, given the token’s overall lack of integrity.
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