Burwick Law intends to sue Believe and its founder Ben Pasternak, and has opened a registration portal for affected users.

Techub News reports that Burwick Law has tweeted that it is preparing to file a lawsuit against Believe and its founder Ben Pasternak, and has opened a registration website for affected users. The market capitalization of the BELIEVE token has fallen from a peak of approximately $120 million to about $10.15 million, with a daily trading volume of around $195,400. Previously, Launchcoin was renamed to Believe in October this year, and its token economic model was adjusted, with an upgrade period of two weeks; after the upgrade, the total supply of BELIEVE was set at 1.33 billion, an increase of 25% from before, and LAUNCHCOIN can be upgraded to BELIEVE at a 1:1 ratio through the official portal.