The crypto world is buzzing with the latest drama involving Meteora co-founder Ben Chow. His X account was reportedly hacked, sparking a whirlwind of controversy surrounding the launch of several memecoins, including the infamous Libra (LIBRA), Melania Meme (MELANIA), and Official Trump (TRUMP) tokens. This digital storm ultimately led to Chow’s resignation, leaving the crypto community in a state of shock and intrigue.
On March 11, a post from Chow’s account made waves, claiming to be an “official statement” about his departure from Meteora. It pointed fingers at DefiTuna founders Vlad Pozniakov and Dhirk, accusing them of being in the memecoin game solely for maximum financial gain. The post alleged that their strategy involved extracting as much value as possible from token launches like MELANIA, Mates (MATES), and a Raydium launch.
“As a long-time Solana builder, the reason I stepped down is because I am far too trusting for how parasitic the memecoin space is,” read the post. But hold your horses; Meteora’s official X account quickly flagged this as fraudulent. They claimed Chow’s account was compromised and urged users to steer clear of any suspicious links.
Chow has remained silent on the matter, not responding to requests for comments. The controversial tweet was swiftly deleted once Meteora regained control of the account. Yet, the plot thickens as Chow’s message included alleged screenshots of WhatsApp chats between Kelsier Ventures CEO Hayden Davis, COO Gideon Davis, and Pozniakov discussing the MATES token. One message reportedly read, “Yeah fellas tbh we are trying to max extract on this one.” However, the authenticity of these conversations remains unverified.
In a twist, Meteora co-founder Zen, now stepping up as CEO, revealed that not only was Chow’s account compromised, but so was Meteora’s. “It’s true that someone gained access momentarily to our Meteora X account. We’ve since reset the account and now verifying,” Zen stated. Investors were cautioned against clicking on any links from these accounts to avoid potential financial pitfalls.
Meanwhile, in Argentina, President Javier Milei finds himself in hot water after endorsing the Solana-native LIBRA token. His endorsement sent LIBRA’s value skyrocketing from nearly zero to $5, briefly hitting a $4 billion market cap. But the euphoria was short-lived as a massive sell-off ensued, causing LIBRA’s value to plummet and leaving investors reeling.
Milei brushed off rug pull allegations, asserting that promoting business projects aligns with his free-market philosophy. His backing of the KIP Protocol, the brains behind LIBRA, was part of a broader policy initiative.
As this memecoin saga unfolds, it serves as a stark reminder of the volatile and unpredictable nature of the crypto world. Stay tuned for more updates as this story continues to develop in the ever-evolving landscape of digital currencies.
