Another lawsuit seems to be looming as derivative trader, cryptocurrency analyst and Youtube content creator, Tone Vay, points accusing finger at Litecoin, Ethereum, XRP, Binance Coin (BNB), TokenPay (TPAY) and some other digital assets, urging crypto enthusiasts to be wary of them.
The bitcoin analyst, who says he does not know what cryptocurrency is despite using the terms frequently, referenced Stellar (XLM), Litecoin (LTC) and some other Proof of Work blockchains as waste of time and useless projects. He particularly said Ethereum (ETH) Dash, Ripple’s XRP, Binance Coin (BNB), EOS, Cardano (ADA) and TokenPay (TPAY) are nothing but scam.
He said: “There is no such thing as crypto (even though I sometimes use that term). There is Bitcoin, there are waste of time useless projects like XMR, LTC, & other PoW honest Blockchains and there r SCAMS like ETH, DASH, XRP and all ICO’s like BNB, EOS, ADA & of course TPAY”
Recently, Tone Vay received a cease and desist letter from TokenPay-hired legal team due to a “defamation” statement made by the former in his Youtube video of April 2nd where he accused TokenPay on some partnership. Tone Vay even cited Charlie Lee in the video, saying it’s easy to induce someone like him with money.
Meanwhile, TokenPay-hired law firm, SG Law Group, who filed the desist order, were rubbished by Vay, pointing that TokenPay should have hired attorneys and not real estate agents provided they have a case against him.
Accusations are becoming the order of the day in the cryptocurrency space to the extent that project teams are beginning to see a reason to sue anyone who attempt tainting their projects.