Meteora says co-founder’s X account hacked after ‘parasitic’ memecoin post

The X relationship of Meteora co-founder Ben Chow was reported to person been hacked aft it posted a tweet reigniting the contention astir the motorboat of the Libra (LIBRA), Melania Meme (MELANIA) and Official Trump (TRUMP) memecoin tokens that yet led to his resignation.

On March 11, Chow’s X relationship posted an “official statement” astir his departure from Meteora. The station called retired DefiTuna founders Vlad Pozniakov and Dhirk, claiming the duo’s sole volition was to extract the maximum funds imaginable from assorted memecoin token launches, including MELANIA, Mates (MATES) and a Raydium launch.

“As a agelong clip Solana builder, the crushed I stepped down is due to the fact that I americium acold excessively trusting for however parasitic the memecoin abstraction is.”

Source: Ben Chow (Deleted post)

The arguable memecoin crippled thickens for Meteora 

However, Meteora’s authoritative X relationship flagged the station arsenic fraudulent, claiming that Chow’s X relationship was compromised and urged users to refrain from clicking connected immoderate links.

Chow did not respond to Cointelegraph’s petition for comment. The fraudulent tweet has since been deleted aft the relationship was recovered by Meteora.

Chow’s connection contained alleged screenshots of WhatsApp conversations betwixt Kelsier Ventures CEO Hayden Davis, Kelsier Ventures’ main operating serviceman Gideon Davis, and Pozniakov discussing the MATES token, wherever 1 was quoted saying: “Yeah fellas tbh we are trying to max extract connected this one.”

The legitimacy of the conversations could not beryllium verified.

Source: Meteora

Meteora co-founder Zen, who has since taken up the relation of CEO, said that Meteora’s X relationship was besides compromised on with Chow’s:

“It’s existent that idiosyncratic gained entree momentarily to our Meteora X account. We’ve since reset the relationship and present verifying.”

Investors were advised against clicking connected immoderate links shared from the accounts to avert fiscal losses.

Related: Milei’s ‘Libragate’ scandal, explained: What’s down the controversy?

Implications of memecoin speculation successful Argentine politics

Argentine President Javier Milei is facing calls for impeachment aft endorsing a rug-pull Solana-native LIBRA token. Milei’s endorsement caused the token’s worth to surge from adjacent zero to $5, concisely reaching a $4 cardinal marketplace capitalization.

However, a monolithic sell-off lawsuit followed that caused LIBRA’s worth to driblet rapidly, wiping retired millions successful capitalist funds successful the process.

Milei dismissed the rug propulsion allegations, claiming that helium regularly promotes concern projects arsenic portion of his free-market philosophy. His endorsement of the KIP Protocol, the developers down LIBRA, was a portion of the broader policy.

Magazine: Mystery celeb memecoin scam factory, HK steadfast dumps Bitcoin: Asia Express