- Benjamin Pasternak has been charged with assault in New York, however denies all expenses.
- BELIEVE token has plummeted over 99% from its peak as a result of authorized strain.
- Earlier cryptocurrency allegations have resurfaced, with claims of token misuse and deceptive practices.
Benjamin Pasternak, the founding father of the cryptocurrency challenge Consider Up, has been charged in New York with assault-related expenses and is scheduled to seem in court docket in June. The fees embrace strangulation and two counts of assault stemming from the alleged March 31 incident. He was arrested and maintains his innocence and denies all expenses.
The case is scheduled for June 11 in New York Felony Courtroom. In accordance 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 value plummeted.
Supply: New Courtroom System
Earlier encryption suspicions resurface
The lawsuit runs parallel to earlier expenses associated to Pasternak’s crypto challenge. The lawsuit, filed by New York legal professional Max Barwick, alleges that he operated a cooperative scheme utilizing tokens like BELIEVE, deceptive buyers and getting paid for the tasks.
One of these case is also known as a “lag pull,” the place the token is closely promoted earlier than being deserted by its creator. The criticism remains to be being heard in court docket.
In accordance with the report, the challenge concerned tokens similar to $PASTERNAK, $LAUNCHCOIN, and BELIEVE. The submitting claims that how these tokens have been promoted and structured had induced considerations 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 Might 2025. Buying and selling exercise additionally plummeted following information of the indictment.
Analysts be aware that the token’s losses are considerably increased than the general market losses. This means that this decline is expounded to project-specific developments quite than total cryptocurrency traits.
Supply: CoinGecko
Founder’s danger
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 similar to Flogg and Monkey earlier than getting into the cryptocurrency area.
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