Meteora Co-Founder Accused of 15 Token Scams: The Technical Side of a $100M Fraud
· 9 min read
The story of the TRUMP, MELANIA, and LIBRA memecoins just got much darker. According to a lawsuit and blockchain analysis, Benjamin Chow, co-founder of Meteora DEX on Solana, has been accused of being the mastermind behind a scheme involving 15 different token scams that generated over $100 million in profits for insiders while retail investors lost billions.
This isn't just another meme coin rug pull-it's a sophisticated technical fraud that exploited the very infrastructure that was supposed to enable decentralized trading.