According to BlockBeats, on July 24, Irene Zhao spoke in X Space, clarifying that she did not intentionally promote scam Meme projects. Zhao explained that some of the criticized Meme projects were promoted due to misleading information from the project’s business development personnel. She emphasized that the incidents were not intentional and that she has since heightened her security awareness. Zhao also stated that she did not earn any additional income from these promotions and apologized to investors for the previous mistakes.