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Believe founder Ben Pasternak was arrested in New York.
The charges: second-degree strangulation + assault.
The token immediately plunged by 99.8%.
Ironically, this Solana token launchpad charged $54 million in fees using just three tokens, with a total trading volume of $6 billion.
With a $6 billion pie, the founder’s mindset is to choke other people.
Web3 is always talking about smart contract vulnerabilities, MEV attacks, and rug pulls. But the biggest risk was never on-chain—it’s people.
Code won’t choke your neck— the founder will.
In the Solana ecosystem, the biggest narrative over the past two years has been “anyone can issue tokens.” Believe is the pinnacle product of this narrative: low barriers, high traffic, and a fast cash grab. The founder took $54 million, then went to choke people.
What you’re buying isn’t a token—you’re buying someone’s character.
Remember: before checking the code, first check whether the founder has a criminal record.