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Burwick Law intervenes, Ben Pasternak's project Believe faces class-action lawsuit
Another crypto project lawsuit has surfaced. Renowned US law firm Burwick Law announced the official initiation of legal action against Believe and its founder Ben Pasternak, and has opened registration for affected investors.
Token Plunges from Highs, Market Cap Shrinks Over 95%
Back in October this year, Believe ecosystem’s LAUNCHCOIN announced the completion of an upgrade to the BELIEVE token. However, the post-upgrade performance was shocking—according to the latest data, the market cap of BELIEVE has fallen from a historic high of $120 million to the current $4.86 million, a decline of over 95%. The current daily trading volume is only $267,000, with liquidity severely diminished.
Such a rapid collapse is rare in the crypto market. The decline from its peak to now reflects a complete loss of investor confidence in this project.
Law Firm’s Notable Track Record, Multiple Projects Previously Sued
Burwick Law is no stranger to crypto litigation. The firm has previously filed lawsuits against projects like LIBRA, M3M3, and pump.fun, accumulating considerable experience in this field.
This lawsuit against Ben Pasternak and Believe is expected to serve as another warning case. Community members can now register for claims through the law firm’s official channels to recover their losses.