{"id":124822,"date":"2025-03-11T09:15:46","date_gmt":"2025-03-11T09:15:46","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124822"},"modified":"2025-03-11T09:15:46","modified_gmt":"2025-03-11T09:15:46","slug":"meteora-says-co-founders-x-account-hacked-after-parasitic-memecoin-post","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124822","title":{"rendered":"Meteora says co-founder\u2019s X account hacked after \u2018parasitic\u2019 memecoin post"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe X account of Meteora co-founder Ben Chow was reported to have been hacked after it posted a tweet reigniting the controversy around the launch of the Libra (LIBRA), Melania Meme (MELANIA) and Official Trump (TRUMP) memecoin tokens that ultimately led to his resignation.<br \/>\nOn March 11, Chow\u2019s X account posted an \u201cofficial statement\u201d about his departure from Meteora. The post called out DefiTuna founders Vlad Pozniakov and Dhirk, claiming the duo\u2019s sole intention was to extract the maximum funds possible from various memecoin token launches, including MELANIA, Mates (MATES) and a Raydium launch.<br \/>\n\u201cAs a long time Solana builder, the reason I stepped down is because I am far too trusting for how parasitic the memecoin space is.\u201d<br \/>\nSource: Ben Chow (Deleted post)The controversial memecoin plot thickens for Meteora\u00a0<br \/>\nHowever, Meteora\u2019s official X account flagged the post as fraudulent, claiming that Chow\u2019s X account was compromised and urged users to refrain from clicking on any links.<br \/>\nChow did not respond to Cointelegraph\u2019s request for comment. The fraudulent tweet has since been deleted after the account was recovered by Meteora.<br \/>\nChow\u2019s message contained alleged screenshots of WhatsApp conversations between Kelsier Ventures CEO Hayden Davis, Kelsier Ventures\u2019 chief operating officer Gideon Davis, and Pozniakov discussing the MATES token, where one was quoted saying: \u201cYeah fellas tbh we are trying to max extract on this one.\u201d<br \/>\nThe legitimacy of the conversations could not be verified.<br \/>\nSource: MeteoraMeteora co-founder Zen, who has since taken up the role of CEO, said that Meteora\u2019s X account was also compromised along with Chow\u2019s:<br \/>\n\u201cIt\u2019s true that someone gained access momentarily to our Meteora X account. We\u2019ve since reset the account and now verifying.\u201d<br \/>\nInvestors were advised against clicking on any links shared from the accounts to avert financial losses.<br \/>\nRelated: Milei\u2019s \u2018Libragate\u2019 scandal, explained: What\u2019s behind the controversy?<br \/>\nImplications of memecoin speculation in Argentine politics<br \/>\nArgentine President Javier Milei is facing calls for impeachment after endorsing a rug-pull Solana-native LIBRA token. Milei\u2019s endorsement caused the token\u2019s value to surge from near zero to $5, briefly reaching a $4 billion market capitalization.<br \/>\nHowever, a massive sell-off event followed that caused LIBRA\u2019s value to drop rapidly, wiping out millions in investor funds in the process.<br \/>\nMilei dismissed the rug pull allegations, claiming that he regularly promotes business projects as part of his free-market philosophy. His endorsement of the KIP Protocol, the developers behind LIBRA, was a part of the broader policy.<br \/>\nMagazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/meteora-ben-chow-x-account-hacked-memecoin-controversy?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe X account of Meteora co-founder Ben Chow was reported to have been hacked after it posted a tweet reigniting the controversy around the launch of the Libra&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124822"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124822"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124822\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124822"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}