Scandal Libra Memecoin Causes Meteora Co-Founder Resigns

Ben Chow, co-founder of the decentralized exchange of Solana Meteor, deviated after allegations that he had received or managed Vaxse tokens privately.

Choos dresses announced at X MEOV, a pseudonimate co-founder and meteor and Jupiter. Meow emphasized the commitment of openness and convinced the community that no project was involved in the insider trading or financial violation of the law.

Reputable legal firm, Fenvick & West, are engaged in companies to implement an independent investigation into requirements. Meow stated that the results of the investigation would be public.

The Meteora, which worked independently of Jupiter for more than a year, was led by Chow without significant participation than MEOV. While Meow expressed confidence in Chow’s character, he listed a lack of judgment in the last months in terms of meteori’s basic operations as a reason for resignation.

Controversial Scales Memecoin, which Chow was connected, gained fast attention after the public mention of Argentine President Javier Mile. Vage value has risen over $ 4 before descent to less than 50 cents. The rumors on the market market were caused by reports that insider cashed over 100 million dollars while customers formed great losses.

Miley has parted to the token on fire political tensions in Argentina, with opposition leaders inviting his resignation. The anti-corruption office of the nation now reviews the case, and the Federal Judge Maria Servinians monitor the legal probe into the matter.

The incident of the scales sent Shockquaves through the CRIPTO space, highlighting the risks involved in Memecoin trading. 17. February, he offered bynance co-founder Chang Peng Zhao donate 150 bynance coins (Bnb) As part of the effort to compensate victims of fraud.