The founder of Believe has been arrested, facing charges of secondary murder and assault

According to public records from the New York Criminal Court, Believe founder Benjamin Pasternak was arrested on charges of second-degree extortion and assault, and is scheduled to appear in court on June 11.

He was previously accused of being involved in a token withdrawal scheme that involved millions of dollars. The platform's native token BELIEVE is currently trading at approximately $0.00075, down over 99% from its historical high of $0.3569 set in 2025.