US law firm Burwick Law is preparing to file a lawsuit against Believe and its founder Ben Pasternak, and has opened a registration website for the community.

BlockBeats News, December 25th. The well-known U.S. law firm Burwick Law announced that it is preparing to file a lawsuit against Believe and its founder Ben Pasternak, and has opened a registration website for the affected community.

In October of this year, Believe's ecosystem token LAUNCHCOIN announced that it had completed an upgrade to the BELIEVE token. As of the time of writing, the BELIEVE token has dropped from a peak of $120 million to $10.15 million, with a daily trading volume of only $195,400.

Burwick Law has previously filed several lawsuits in the cryptocurrency field, including against projects such as LIBRA, M3M3, and pump.fun.