It is with no small measure of astonishment that I must convey the recent departure of Mr. Ben Chow, a gentleman of considerable repute and co-founder of the decentralized exchange known as Meteora, which finds its foundation upon the Solana blockchain. This most unexpected resignation has arisen amidst a veritable tempest of allegations concerning his clandestine dealings with the notorious LIBRA tokens. One cannot help but wonder if the fates conspired to bring about such a scandalous turn of events! 😏
The announcement of Mr. Chow’s resignation was made public by none other than the enigmatic Meow, a co-founder of both Meteora and Jupiter, who, in a display of utmost transparency, sought to reassure the community that neither enterprise had engaged in the nefarious practices of insider trading or financial impropriety. How noble of him! 🐱
In a bid to restore confidence, a most respectable legal firm, Fenwick & West, has been enlisted to conduct an independent inquiry into these troubling claims. Meow has assured the public that the findings of this investigation shall be disclosed in due course, as if to say, “Fear not, dear investors, for the truth shall prevail!”
“Greetings, I am Meow from Jupiter, and I also have the pleasure of co-founding Meteora.
Firstly, I must reiterate my unwavering belief that no one at Jupiter or Meteora has engaged in any form of insider trading or financial misconduct, nor have they received tokens in a manner most inappropriate.
Secondly, we are in the process of hiring an independent third party…”
— Meow (🐱, 🐐) (@weremeow) February 18, 2025
It is worth noting that Meteora has operated with a commendable degree of independence from Jupiter for over a year, with Mr. Chow at the helm, steering the ship with little interference from Meow. However, it appears that Meow, while expressing confidence in Chow’s character, has cited a lamentable lack of judgment in recent months concerning the core operations of Meteora as the impetus for this resignation. How very tragic! 😢
The LIBRA memecoin, which has recently garnered attention due to its association with Mr. Chow, experienced a meteoric rise in value following a rather audacious mention by Argentine President Javier Milei. The token’s value soared to a staggering $4, only to plummet to a mere 50 cents shortly thereafter. Such volatility! One cannot help but speculate whether the whispers of market manipulation are indeed founded, especially in light of reports suggesting that insiders profited to the tune of over $100 million while unsuspecting buyers suffered grievous losses. Oh, the irony! 😂
Mr. Milei’s involvement with this token has ignited a veritable firestorm of political discord in Argentina, with opposition leaders clamoring for his resignation. The nation’s Anti-Corruption Office has taken it upon themselves to scrutinize the matter, with Federal Judge María Servini presiding over the legal investigation. How delightfully dramatic! 🎭
The LIBRA debacle has sent tremors throughout the crypto realm, illuminating the perils inherent in the trading of memecoins. In a rather magnanimous gesture, Binance co-founder Chang Peng Zhao has offered to donate 150 Binance Coin (BNB) as part of an initiative to compensate the unfortunate victims of this scandal. How generous of him! 💸
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2025-02-18 07:54