Believe founder accused of embezzling $54 million in fees through Launchcoin migration

Odaily reports that a class action lawsuit accuses Believe founder Ben Pasternak of extracting $54 million in fees through a Launchcoin migration. The lawsuit claims that the migration process had a two-week window, resulting in the dilution of holder tokens, and tokens missing the deadline were permanently destroyed. Additionally, the actions are alleged to have involved insider-linked wallets.