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Project Overview
Believe is a mobile SocialFi application that allows users to issue personal tokens and transform social media influence into tradable assets. Its innovation combines FriendTech's social capitalization logic and Pump.fun's low-threshold coin issuance mechanism, attracting Web2 users by simplifying the process and providing a fiat currency entry.
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Believe founder accused of siphoning $54 million in fees through Launchcoin migration
Odaily Odaily News A class action lawsuit alleges that Believe founder Ben Pasternak extracted $54 million in fees through the Launchcoin migration. The lawsuit claims the migration process had a two-week window, which led to token dilution for holders and the permanent destruction of tokens with staggered deadlines. Additionally, the related operations are alleged to involve wallets associated with insiders.
Believe Founder Benjamin Pasternak Arrested on Charges of Second-Degree Strangulation and Intentional Injury
Public records from the New York Criminal Court show that Benjamin Pasternak, founder of Believe App, was arrested on charges of second-degree strangulation and assault. This follows allegations that Believe founder Ben Pasternak was involved in a multimillion-dollar rug pull scam.
Believe Founder Arrested, Faces Second-Degree Strangulation and Assault Charges
Odaily News According to public records from the New York Criminal Court, Believe founder Benjamin Pasternak was arrested on suspicion of second-degree strangulation and assault, with a court appearance scheduled for June 11. He was previously accused of involvement in a token exit scam scheme involving millions of dollars. The platform's native token BELIEVE is currently trading at approximately $0.00075, down over 99% from its all-time high of $0.3569 set in May 2025.
Believe Founder Faces Charges in New York Court for Alleged Involvement in Crypto Rug Pull Scam
According to SolanaFloor, citing the Australian Financial Review, Pasternak, founder of Solana ecosystem application Believe, has been charged in a New York court for allegedly participating in a cryptocurrency rug pull scam. The incident involves the Solana blockchain ecosystem and is suspected to be linked to losses amounting to several million dollars. As the head of the Believe project, Pasternak is accused of using the project to carry out fraudulent activities, causing significant financial losses to investors. The case is currently under adjudication, and related details have not yet been fully disclosed.