As reported by Crypto.News, Ben Pasternak, founder of memecoin launchpad Believe, faces allegations of unauthorized token sales related to AI data firm Kled. Kled CEO Avi Pastel claims Pasternak sold tokens to a third party, violating an agreement not to sell on the open market, and misrepresented sales timing and pricing. This led to Kled having to buy back tokens multiple times to mitigate market disruption. Pasternak has not publicly responded to the accusations and has been inactive on X since October 20. Kled provides data to AI companies and had previously agreed with Pasternak to pursue OTC sales or token burning if liquidity was needed. Pastel stated that Pasternak transferred the majority of his tokens via OTC shortly after Kled launched its mobile app on September 24. Pasternak claimed the sales were for 'taxes,' but Pastel said the explanation was unclear and the third party's identity remains undisclosed. The Kled team reduced Pasternak's holdings from 6% to 1.7% through OTC transactions, but he allegedly resumed sales one week ago. Pastel described the conduct as unacceptable and warned against working with Pasternak.
Believe Founder Ben Pasternak Accused of Unauthorized Token Sales Linked to AI Firm Kled
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Summary
Ben Pasternak, founder of token launchpad Believe, is accused of unauthorized token sales tied to AI data firm Kled. Kled CEO Avi Pastel alleges Pasternak violated a private agreement by selling tokens to a third party, disrupting the token launch. The firm had to buy back tokens multiple times to stabilize the market. Pasternak, who hasn’t responded publicly, allegedly sold most of his stake via OTC shortly after Kled’s app launch on September 24. Pastel called the actions unacceptable and warned against future collaboration.
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