Ben Pasternak $BELIEVE Token Class Action Lawsuit, Are You Eligible to Join?

Burwick Law filed a federal class action lawsuit against Ben Pasternak, B24 Inc., and the Believe Foundation on March 23, 2026, in the Southern District of New York. The lawsuit, Lee v. Pasternak, alleges that Pasternak made false statements about insider ownership, promised token buybacks that never happened, and engineered a forced token migration that wiped out hundreds of millions of dollars in investor value. If you bought $PASTERNAK, $LAUNCHCOIN, or $BELIEVE tokens at any point between January 2025 and the filing date, you may have legal standing to participate.

No settlement exists yet. This is an active litigation case. No claim deadline or payout amount is confirmed at this stage.

Quick Facts

Field	Detail
Case Name	Lee v. Pasternak
Court	U.S. District Court, Southern District of New York (SDNY)
Filing Date	March 23, 2026
Defendants	Ben Pasternak, B24 Inc., Believe Foundation
Tokens Involved	$PASTERNAK, $LAUNCHCOIN, $BELIEVE
Settlement Amount	TBD — No settlement reached
Claim Deadline	TBD — Case in early litigation stage
Who May Qualify	Buyers of $PASTERNAK, $LAUNCHCOIN, or $BELIEVE tokens (Jan 2025–present)
Payout Per Person	TBD
Proof Required	TBD
Settlement Status	Active litigation — no settlement filed
Law Firm	Burwick Law
Official Case Website	burwick.law/active-cases

Current Status & What Happens Next

• Burwick Law filed the class action lawsuit against Pasternak and the Believe platform on March 23, 2026, in the Southern District of New York.
• The case is in its early litigation phase. No settlement has been proposed, no claim portal is open, and no court ruling has been issued yet.
• Investors who want to be considered for lead plaintiff status typically must move quickly — courts usually require lead plaintiff applications within 60 days of a class action’s announcement.

What Is the Ben Pasternak Believe Token Lawsuit About?

In January 2025, Pasternak launched a new cryptocurrency venture: a Solana-based token launchpad initially called Clout. The platform was designed, according to the complaint, to eliminate every practical barrier to creating and trading digital tokens. It accepted credit card payments and required no cryptocurrency wallet, no technical knowledge, and no investor accreditation.

The platform cycled through three tokens. According to the complaint, Defendants told buyers that Pasternak held “0 ownership” in the original token while allegedly maintaining insider control. The lawsuit says that claim was false from the start, and that it was designed to make retail investors feel safe buying in.

Related article: Erika Jayne Girardi $25 Million Civil trial Fraud Lawsuit, What’s Happening in 2026 and What’s at Stake

The complaint alleges that defendants made at least twelve public promises of a “flywheel” buyback over five months that were never honored. On the day the buyback finally launched, the complaint says Pasternak told buyers that “no individual or entity is getting coins for the next year at minimum” while approximately 40 million Foundation tokens had already been unlocked. The lawsuit also claims that when prices collapsed, Pasternak urged investors to hold rather than sell, citing statements like “Short term price action is irrelevant. Trust the process” — which the complaint characterizes as designed to prevent retail investors from exiting their positions.

On October 15, 2025, rather than delivering the promised buybacks, Pasternak announced a forced migration from $LAUNCHCOIN to a new token, $BELIEVE. Total token supply expanded by 33.3%, approximately 25% of the newly minted tokens went to insiders, and anyone who missed the two-week migration window had their holdings permanently destroyed. The announcement triggered an immediate 30% price drop, and by the time of filing, $BELIEVE had lost 99% of its value from its all-time high.

The complaint estimates that the platform processed over $6 billion in cumulative trading volume and generated an estimated $54 million in platform fees. Total alleged investor losses run into the hundreds of millions of dollars.

Who May Be Eligible to Join This Lawsuit?

The lawsuit was filed on behalf of a proposed nationwide class. No court has certified the class yet, but the complaint identifies a broad group of potential members.

You may qualify if:

• You purchased $PASTERNAK tokens on or after January 24, 2025
• You purchased $LAUNCHCOIN tokens at any time during its availability (approximately April–October 2025)
• You purchased $BELIEVE tokens after the October 2025 migration
• You suffered financial losses from the collapse of any of these three tokens
• You are a U.S.-based investor who used the Believe/Clout platform to buy or trade these tokens
• You held tokens through the forced October 2025 migration and lost value as a result

You likely do not qualify if you profited from these tokens overall, or if you participated only as a liquidity provider or developer on the platform.

How Much Could You Recover?

No dollar amount is confirmed at this stage. The lawsuit seeks damages, restitution, and other equitable relief on behalf of the entire class.

Investor losses across the three tokens are estimated in the hundreds of millions of dollars. However, individual recoveries in class actions depend on how many people join the class, whether a settlement is reached or a judgment is won, and what courts decide each claimant is owed.

If a settlement is eventually reached, payouts will likely be calculated on a pro-rata basis — meaning your share depends on how much you lost relative to the total losses of all class members. No payout figures are available yet. Check back as the case develops.

How to Get Involved Right Now

There is no claim portal open yet. Here is what you can do today:

Step 1 — Visit burwick.law and navigate to the $BELIEVE Token Lawsuit page.

Step 2 — Complete the free consultation or intake form to register your interest and document your losses.

Step 3 — Gather your transaction records. Download purchase history from any exchange or wallet that shows your $PASTERNAK, $LAUNCHCOIN, or $BELIEVE token purchases and their dates and amounts.

Step 4 — Save screenshots of any communications you received from the Believe platform, including buyback announcements, migration notices, or social media posts by Pasternak directing you to hold.

Step 5 — Monitor the case docket. Once a court certifies the class and a settlement or judgment is reached, a formal claim portal will open with a deadline. You do not need to act immediately to preserve most of your rights — but registering with the law firm now keeps you informed.

Estimated time to register with the law firm: 5–10 minutes.

Important Dates & Deadlines

Milestone	Date
Platform (Clout) Launch	January 2025
$PASTERNAK Token Launch	January 24, 2025
$LAUNCHCOIN Launch	April 2025
Forced Migration to $BELIEVE	October 15, 2025
Class Action Filed (SDNY)	March 23, 2026
Lead Plaintiff Deadline	TBD — typically 60 days from filing
Class Certification Hearing	TBD
Claim Filing Deadline	TBD — No settlement yet
Expected Payment Date	TBD

Frequently Asked Questions

Do I need a lawyer to participate in this class action?

 No. If the court certifies the class, you automatically become a member without hiring your own attorney. Class counsel (Burwick Law) represents all class members. You only need your own lawyer if you want to opt out and pursue a separate individual claim.

Is this lawsuit legitimate? 

Yes. Burwick Law filed Lee v. Pasternak in the U.S. District Court for the Southern District of New York on March 23, 2026. You can verify the filing through the court’s PACER system or on Burwick Law’s active cases page at burwick.law.

When will I receive any payment?

 No payment timeline exists yet. The case must first go through class certification, then either a settlement or trial. Crypto class actions of this complexity can take one to three years or longer to resolve. TBD.

What if I already sold my tokens at a loss — can I still qualify? 

Possibly yes. The complaint covers buyers who suffered losses, whether they still hold the tokens or sold them at a loss. Gather records of your purchase price and the price at which you sold to document your loss.

Will any settlement payment affect my taxes?

 Possibly. Settlement proceeds that compensate for a financial loss are often treated differently than income, but tax treatment depends on your individual circumstances. Consult a tax professional before filing your return in any year you receive a settlement payment.

What laws does the lawsuit claim were broken? 

The complaint alleges violations of New York General Business Law §§ 349 and 350, the California Unfair Competition Law, the California False Advertising Law, negligent misrepresentation, and unjust enrichment. These are consumer protection laws that prohibit deceptive business practices and false advertising.

What is the Believe Foundation and why is it named as a defendant?

 B24 Inc. developed and maintained the platform, while the Believe Foundation separately controlled the token treasury and the buyback wallet, allegedly giving the defendants collective influence over large portions of the token supply. Both entities are named defendants alongside Pasternak personally.

What happened to the $PASTERNAK token specifically?

 The $PASTERNAK token initially surged to $80 million in market capitalization within a single day. The token then collapsed over 99.7%, falling to approximately $190,000 by March 2025.

Sources & References

• Burwick Law — Active Cases (Official Law Firm Page): burwick.law/active-cases

Last Updated: April 17, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Legal claims and outcomes depend on specific facts and applicable law. For advice regarding a particular situation, consult a qualified attorney.