Believe founder Ben Pasternak accused of secretly dumping KLED tokens

Pastel claims that, as a result of the sale, “We were forced into damage control, scrambling to coordinate OTC solutions to prevent further market harm.”

Pasternak claimed that the token sale was due to “taxes.” However, Pastel claims, “To this day, we do not know what this means,” and says Pasternak still hasn’t disclosed who the third party was.

Pasternak allegedly kept breaking promises

Afterwards, Pasternak allegedly agree to then reneged on OTC pricing promises on four occasions, “while also lying about when he began selling.”

As a result, the Kled team was “forced” to OTC his position at a $27 million valuation, reducing his holdings from “around 6% to roughly 3.5%.”

Pasternak then allegedly claimed that he wouldn’t offload the remainder of the tokens — until a week ago, when he apparently began selling again.

“Once again, our whales had to scramble to organize OTC buys, reducing his position to roughly 1.7%,” Pastel said, adding, “Even then, he continued selling into the chart.”

He described Pasternak’s behavior as “unacceptable,” and claimed, “No builder should ever work with him again if that was not already clear.”

Pasternak scrubs LinkedIn

Pasternak hasn’t responded to the allegations made on X, and hasn’t been active on the platform since October 20.

Last month, he announced an AI startup on LinkedIn, but now he appears to have scrubbed the LinkedIn account of all of its posts.

Believe provided a service where users could create a token on the back of an idea by simply tagging the app’s LaunchCoin account.

As part of its terms, Pastel says Pasternak was given a portion of token allocations that were created on the platform. However, Kled split from Believe in July and now retains all of its fees.

Protos has reached out to Believe for comment and will update this piece should we hear back.

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