The case combines criminal charges against Believe founder Ben Pasternak with civil claims that the Believe token project misled investors about insider holdings, buybacks, and a token migration.
Believe founder Ben Pasternak was arrested on second-degree strangulation and third-degree assault charges. Separately, investors have sued over the collapse of the Believe token, alleging false statements about insider holdings, unfulfilled buyback promises, and a forced token migration that they say caused losses running into hundreds of millions of dollars. The dispute highlights how token projects can face legal pressure not only from market losses but also from claims that disclosures and post-launch actions misled holders.