Meteora Co-Founder Resigns Amid LIBRA Scandal
Date: 2025-02-19 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
According to him, Chow's decision was voluntary and dictated by the desire for transparency and maintaining trust. Meow also emphasized that neither Jupiter nor Meteora were involved in financial fraud or insider trading related to the LIBRA memecoin.
Meow explained that he first heard about the launch of the LIBRA token on February 14, but did not know the details and even "literally slept through" its listing. He added that Chow learned about the start of trading only a few minutes before it began. In addition, Meow noted that the Meteora protocol had been operating independently of Jupiter for more than a year, and the project's management was solely in the hands of Chow.
Chou himself stated that Meteora's participation in the launch of the LIBRA token was limited to technical support. According to him, the platform's employees did not have access to the project, and the platform itself allows any user to create pools and issue tokens without the direct participation of the Meteora team.
To clarify all the circumstances of the incident, the Jupiter and Meteora teams engaged the law firm Fenwick & West, which will conduct an independent investigation.
Earlier, lawyers representing the interests of victims of the LIBRA crypto project filed a class action lawsuit against Argentine President Javier Miley. The politician is accused of promoting a fraudulent digital asset through his personal account.
