According to AFR, Sydney serial entrepreneur Ben Pasternak has been sued by a New York court for allegedly orchestrating a meme coin "rug pull" scheme through the Believe platform, involving multiple tokens such as PASTERNAK, LAUNCHCOIN, and BELIEVE. The lawsuit states that the platform has processed over 6 billion USD in transactions, collected tens of millions of USD in platform fees, and investors may have lost hundreds of millions of USD. Ben Pasternak is known for social app Monkey and plant-based meat brand Simulate, and was named in Forbes 30 Under 30 in 2021.
According to AFR, Sydney serial entrepreneur Ben Pasternak has been sued by a New York court for allegedly orchestrating a meme coin "rug pull" scheme through the Believe platform, involving multiple tokens such as PASTERNAK, LAUNCHCOIN, and BELIEVE. The lawsuit states that the platform has processed over 6 billion USD in transactions, collected tens of millions of USD in platform fees, and investors may have lost hundreds of millions of USD. Ben Pasternak is known for social app Monkey and plant-based meat brand Simulate, and was named in Forbes 30 Under 30 in 2021.