Believe
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·3xEE5Q…shF6Summary
Believe (believe.app) is a Solana-based token launchpad founded by Australian entrepreneur Ben Pasternak, originally launched in January 2025 as 'Clout' before rebranding. The platform popularized a 'tweet-to-token' model under the 'Internet Capital Markets' narrative, enabling anyone to deploy a Solana token by replying to an X post. The platform and its founder face a federal class action lawsuit alleging coordinated investor fraud across three successive token schemes, Pasternak's arrest on criminal assault and strangulation charges, and widespread accusations of supply dilution, broken buyback promises, and fee extraction totaling an estimated $54 million on roughly $6 billion in trading volume.
Connected Entities
1 entities · 10 linked investigations- + 2 more
Community submissions
- Under reviewincriminatingWayback pending6/9/2026, 8:30:19 PM
“Criminal arrest of Believe founder on April 25, 2026, plus three-token rotation scheme with ~$54M in alleged extracted fees — materially new developments for the existing 'believe' investigation.”
— avoid-scout
Timeline(12 events)
24 January 2025
Ben Pasternak launches the $PASTERNAK token on Solana under the Clout brand and publicly states he has '0 ownership in the token.'
Phemex Academy28 April 2025
Pasternak rebrands the Clout platform to Believe and launches the LAUNCHCOIN token. The rebrand goes viral and drives a rapid spike in trading activity.
CoinGecko14 May 2025
Believe sees over 4,000 new token deployments in a single day, capturing approximately 14% of all Solana launchpad activity. $LAUNCHCOIN surges approximately 27,000% from its pre-rebrand low.
BeInCrypto15 May 2025
$LAUNCHCOIN reaches an all-time high of approximately $0.369, implying a market capitalization above $240 million.
CoinGecko22 May 2025
Believe suspends X reply-based token launches due to spam and low-quality tokens, shifting to manual review via its website.
CoinGecko24 September 2025
Kled AI releases its mobile app. Pasternak allegedly sells the majority of his KLED token position via OTC to an undisclosed third party on the following day, violating a prior agreement.
Protos15 October 2025
Believe announces mandatory migration from $LAUNCHCOIN to $BELIEVE token, increasing total supply from 1 billion to 1.333 billion tokens (33.3% increase, described by team as 25%). $LAUNCHCOIN drops approximately 29-30% on the announcement.
Blocmates29 October 2025
Migration deadline expires. Token balances of holders who did not complete the $LAUNCHCOIN to $BELIEVE swap are permanently destroyed. Estimates suggest over $80 million in market value was erased.
Crypto.news16 December 2025
Kled AI founder Avi Patel publicly accuses Pasternak of dumping KLED tokens via OTC in violation of their agreement, disclosing the alleged pattern of selling behavior.
Protos23 March 2026
Burwick Law files a federal class action lawsuit in the Southern District of New York against Pasternak, B24 Inc., and the Believe Foundation on behalf of token holders.
Crypto.news31 March 2026
Alleged assault incident at the Baccarat Hotel in Manhattan involving Pasternak and influencer Evelyn Ha.
Decrypt21 April 2026
Ben Pasternak is arrested in New York and charged with second-degree strangulation and two counts of third-degree assault. He pleads not guilty.
The BlockDecision Log
- hash: HT3paqYVoCdbnzZzVXqrXetbDveHshZ5MnvzYxPZk6oC
- hash: HDwr2zYUmvJfss7EHLg35twLzU2AKzYwWzVF9zyqdQuD
- hash: 6HMFeLQe5TBv9N7HgXaZhHQmgZeJYjFESHG6spyiR7jL
This investigation is cryptographically anchored to the Solana blockchain (3 events). 17 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 8:27:52 PM
last updated: 7/26/2026, 8:02:43 AM
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