Gate News message, April 29 — A class-action lawsuit alleges that Believe founder Ben Pasternak extracted $54 million in fees through a Launchcoin migration process, according to ChainCatcher. The suit claims the migration included a two-week window period that resulted in token holder dilution, while tokens missing the deadline were permanently destroyed.
The allegations further state that the operations involved wallets associated with insiders, raising concerns about potential conflicts of interest in the token migration process.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
MYX Finance to Unlock 18.06M Tokens Worth $4.87M on May 6
Gate News message, April 29 — According to RootData, a Web3 asset data platform, MYX Finance (MYX) will unlock approximately 18.06 million tokens on May 6 at 12:00 AM UTC+8 (in one week).
The unlocked tokens are valued at approximately $4.87 million based on current market
GateNews2h ago
Pump.fun burns $370 million PUMP, launches a 50% revenue buyback and burn program
Solana meme coin launchpad Pump.fun announced on X on April 28 that it has burned all previously repurchased PUMP tokens; the total amount burned is approximately $370 million, accounting for 36% of the circulating supply of PUMP tokens. At the same time, it has launched a new round of a buyback-and-burn program, funded by 50% of net future revenue from Pump.fun bond curves, PumpSwap, and Terminal.
MarketWhisper2h ago
H (Humanity Protocol) up 25.95% in the past 24 hours
Gate News message, April 29, according to Gate market data, as of the time of writing, H (Humanity Protocol) is trading at $0.1766. It is up 25.95% over the past 24 hours. The highest price reached $0.1854, and the lowest fell back to $0.1365. Trading volume over the past 24 hours was $7.2013 million. The current market cap is approximately $322 million.
Humanity Protocol is a blockchain that counteracts Sybil attacks, designed specifically for secure, private, and decentralized identity verification. zkProofers play a key role in it, validating human identity through zero-knowledge proof technology, and receiving the protocol-native token $H as a reward. This system protects verified human identities and data without storing any personal information. Humanity Protocol is committed to building a world where everyone can prove their humanity, protect personal identities, and participate in the digital economy with trust, privacy, and freedom, without sacrificing security and control.
GateNews2h ago
Pi Network: 1 Million KYC Users Complete 526 Million AI Verification Tasks
According to an article published on April 28 on the official Pi Network website, Pi Network announced that its decentralized workforce infrastructure has been completed by more than 1 million KYC identity-verified users with over 526 million verification tasks. The tasks are part of Pi’s native KYC system, and contributors are compensated with Pi tokens.
MarketWhisper3h ago
Pump.fun Burns $370M in PUMP Tokens, Commits 50% of Future Revenue to Buyback-Burn Program
Gate News message, April 29 — Pump.fun, a Solana memecoin launchpad, announced on Tuesday (April 28) that it has burned all previously bought-back PUMP tokens worth approximately $370 million, representing 36% of the native token's circulating supply.
The platform is simultaneously launching a new
GateNews5h ago
