Burwick Law is coming for Internet Capital Markets
Burwick Law is seeking potential claimants as it prepares to launch legal action against Believe, a crypto firm and app that was allegedly used to scam retail buyers. The Believe app is part of the so-called “Internet Capital Markets” trend, which allows anybody to raise capital by tokenizing ideas, products, or communities. Believe lets users launch tokens and link them to a project simply by tagging its affiliate X account, “@launchcoin.” However, despite this apparently simple premise, Burwick Law argues, “So-called ‘Internet capital markets’ promise frictionless token launches, yet many offerings arrive with minimal disclosures and little regard for consumer protection .” Insiders are using the same hype playbook to push unregistered offerings with questionable underlying value onto retail investors. pic.twitter.com/E9tcqqzEKj — Burwick Law (@BurwickLaw) May 15, 2025 Read more: Burwick Law founder likely behind Pump Fun memecoin, report It said, “On ...