Court filings claim the platform processed nearly $6 billion in trading volume, while investors allegedly suffered losses across tokens like LAUNCHCOIN and BELIEVE.
A 2025 migration increased token supply by over 33%, diluting holders. Plaintiffs say strict deadlines and insider allocations worsened the impact.
Alongside the lawsuit, Pasternak faces assault-related charges in New York. Plaintiffs are now pushing to freeze assets and recover funds.