Ben Chow, co-founder of Meteora, has officially resigned following the ongoing controversy surrounding the LIBRA cryptocurrency. To ensure transparency, he has also initiated an independent third-party investigation into Meteora’s involvement in the project.
📢 What led to his resignation? How are key industry players responding?
Jupiter Founder Meow: No Financial Misconduct, But Poor Judgment 🧐💼
Meow, the founder of Jupiter, addressed the controversy on social media, stating:
📢 “I want to reaffirm that no one at Jupiter or Meteora was involved in insider trading, financial misconduct, or received any LIBRA tokens illegitimately.”
🔹 To ensure accountability, the team has hired Fenwick & West, a prestigious global law firm, to conduct an independent investigation into the LIBRA matter.
🔹 The final report will be released publicly, reinforcing transparency.
🚨 While Meow supported Ben Chow personally, he acknowledged that Chow had demonstrated poor judgment in recent months.
📢 “Although I fully trust Ben’s character, his decision-making has not reflected the scale and reputation of the project. This behavior is unacceptable, and Ben himself recognized that.”
Meteora to Search for a New Leader 🔄👨💼
For over a year, Meteora has operated independently from Jupiter, with Ben Chow leading its growth. Meow praised his contributions:
✅ Building a strong development team 👥
✅ Launching one of the most innovative DEX platforms 🔄
✅ Creating the most active liquidity provider (LP) community 📈
🔎 Despite Chow’s contributions, Meteora will now begin the search for a new CEO to guide the company forward.
Meow Distances Himself from JUP Speculation and Meme Coin Trading 📉🚀
Meow also took the opportunity to clarify his stance on JUP tokens and crypto trading speculation.
📢 “I have not sold any JUP tokens, nor do I trade meme coins. I have declined multiple offers of free tokens from marketing deals.”
💎 “Most of the tokens I’ve acquired through investments and advisory roles—especially pre-Jupiter—I continue to hold with ‘diamond hands.’”
💬 He concluded with an apology:
“I sincerely apologize for the stress I have caused the team, the community, and the entire ecosystem. We are committed to upholding trust and transparency.”
Ben Chow Denies Any Involvement with LIBRA 🚫🪙
Following the scandal, Ben Chow issued several statements denying any involvement in LIBRA operations.
📢 “Neither I nor Meteora have ever received, managed, or engaged with any LIBRA tokens.”
🔎 With an independent investigation underway, will this restore confidence in Meteora?
🤔 What’s your take on the controversy? Can Meteora regain investor trust? Share your thoughts! ⬇️
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