The rot exposed here seems to go far deeper than a random blockchain VC firm. Those behind massive Solana projects including Meteora and Jupiter have been accused of involvement in a massive insider trading scheme. Meteora’s cofounder has already resigned. - ThreadSky

molly.wiki • 4 days ago

The rot exposed here seems to go far deeper than a random blockchain VC firm. Those behind massive Solana projects including Meteora and Jupiter have been accused of involvement in a massive insider trading scheme. Meteora’s cofounder has already resigned.

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molly.wiki•4 days ago

A crypto founder confronted Meteora’s Ben Chow on a call that later leaked, stating “whenever presidents get involved, and if they become angry, you know, you don't want to be there”.

“This isn't $20. This is not $100 million. This is like 200 to— this is FTX type of shit.”

molly.wiki•4 days ago

The whole call, between crypto founder Moty Povolotski confronting Meteora co-founder Ben Chow after witnessing the insider trading in person, is so bonkers that I just transcribed the whole thing for you.

https://www.citationneeded.news/meteora-ben-chow-call-transcript/

coccoside.bsky.social•4 days ago

This was a batshit crazy read.

ben.gracewood.nz•4 days ago

Is this just one big ass-covering? Like, a deliberate "leak" to gain plausible deniability?

molly.wiki•4 days ago

Meanwhile, Argentine politicians are calling for Milei’s impeachment, and more than 100 lawsuits have been filed against him. His attempt to do a damage control interview backfired, exposing his intent to use state legal resources to defend himself.

molly.wiki•4 days ago

Back in the US, where a president attempting to use state legal resources on his personal defense probably wouldn’t hit the top ten list of presidential misconduct this week, the US government has released the imprisoned Russian BTC-e co-founder Alexander Vinnik.

molly.wiki•4 days ago

One of the accused perpetrators of the SafeMoon fraud has tried to delay his trial by arguing that his crypto crimes might soon be legal. Prosecutors pointed out that there are (as yet) no plans to legalize wire fraud, and the trial will continue as scheduled.

natsecguy.bsky.social•4 days ago

😂

molly.wiki•4 days ago

However, Coinbase is likely to benefit from such an argument, as the SEC has requested a delay in the case against the exchange, anticipating that Trump’s crypto task force “could facilitate the potential resolution” of the case.

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