"Pasternak was charged with second-degree strangulation and third-degree assault over a March 31 incident; he has pleaded not guilty, with a court date set for June 11."
"A class action complaint alleges he ran the same play three times across PASTERNAK, LAUNCHCOIN, and BELIEVE, extracting $54M in fees from roughly $6B in trading volume."
"The migration was mandatory, with a two-week conversion window, creating 333 million new tokens distributed to insider-linked wallets, shrinking existing holders' stakes by roughly one third."
"The filing states Pasternak ran the same play three times, under three different token names, pointing to PASTERNAK, LAUNCHCOIN, and BELIEVE."
Ben Pasternak, founder of the Solana-based token launchpad Believe, was arrested on charges of second-degree strangulation and assault. He has pleaded not guilty. A class action lawsuit alleges he extracted $54 million in fees through a systematic approach across three tokens: PASTERNAK, LAUNCHCOIN, and BELIEVE. The lawsuit claims that a mandatory migration of tokens was a strategy to reset existing holders' stakes and generate new fees. At the time of his arrest, Pasternak was staying in a luxury hotel to evade civil lawsuit service.
Read at news.bitcoin.com
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