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.