- Benjamin Pasternak has been charged with assault in New York, however denies all prices.
- BELIEVE token has plummeted over 99% from its peak as a consequence of authorized stress.
- Earlier cryptocurrency allegations have resurfaced, with claims of token misuse and deceptive practices.
Benjamin Pasternak, the founding father of the cryptocurrency challenge Imagine Up, has been charged in New York with assault-related prices and is scheduled to seem in courtroom in June. The fees embody strangulation and two counts of assault stemming from the alleged March 31 incident. He was arrested and maintains his innocence and denies all prices.
The case is scheduled for June 11 in New York Felony Courtroom. In line with stories, influencer and podcaster Evelyn Ha could also be concerned within the incident, however she has not publicly commented. This information was introduced concurrently the BELIEVE token worth plummeted.
Supply: New Courtroom System
Earlier encryption suspicions resurface
The lawsuit runs parallel to earlier prices associated to Pasternak’s crypto challenge. The lawsuit, filed by New York lawyer Max Barwick, alleges that he operated a cooperative scheme utilizing tokens like BELIEVE, deceptive buyers and getting paid for the tasks.
This sort of case is also known as a “lag pull,” the place the token is closely promoted earlier than being deserted by its creator. The grievance remains to be being heard in courtroom.
In line with the report, the challenge concerned tokens akin to $PASTERNAK, $LAUNCHCOIN, and BELIEVE. The submitting claims that how these tokens had been promoted and structured had brought on issues amongst buyers earlier than the most recent authorized points surfaced.
BELIEVE token drops considerably
Market knowledge reveals that BELIEVE token has fallen to round $0.00076. This represents a drop of greater than 99% from the all-time excessive of $0.3569 recorded in Could 2025. Buying and selling exercise additionally plummeted following information of the indictment.
Analysts word that the token’s losses are considerably larger than the general market losses. This implies that this decline is expounded to project-specific developments slightly than general cryptocurrency traits.
Supply: CoinGecko
Founder’s threat
Notably, Pasternak beforehand attracted consideration as a younger entrepreneur. He was named to Forbes’ 30 Below 30 checklist in 2021 after founding the plant-based meals firm Simulate, which was as soon as valued at US$250 million ($349 million). He additionally launched early platforms akin to Flogg and Monkey earlier than getting into the cryptocurrency house.
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