The post A New Development Has Been Made in the Scam Including LIBRA and MELANIA Memecoins! “They Were Not Guilty!” appeared on BitcoinEthereumNews.com. There has been a new development on the LIBRA front, the international cryptocurrency scam in which Argentine President Javier Milei is also involved. At this point, a class action lawsuit was filed against Meteora co-founder Benjamin Chow, who was also mentioned in the LIBRA scandal. In the class action lawsuit, Benjamin Chow was accused of orchestrating and leading at least 15 memecoin-related scams, including the MELANIA and LIBRA tokens. The lawsuit alleges that Chow coordinated at least 15 pump-and-dump token transactions with Kelsier Ventures and the Davis family. Melania Trump and Javier Milei are not to blame! In the US class action lawsuit, plaintiffs allege that the entire fraudulent scheme and actions were perpetrated by Benjamin Chow and Kelsier Ventures (Hayden, Charles, and Gideon Davis) and used as a promotional tool for Melania Trump and Argentine President Javier Milei. “These faces and brands were, in fact, used as pretexts to legitimize a coordinated liquidity trap,” the complaint said, referring to US First Lady Melania Trump and Argentine President Javier Milei. The investors who joined as plaintiffs argued that these public figures should not be held liable because they were merely window dressing for the scheme allegedly orchestrated by Meteora and Kelsier Ventures, led by Hayden Davis. “The plaintiffs do not allege that these public figures were guilty; they were merely window dressing for a crime orchestrated by Meteora and Kelsier.” What Happened? As you may recall, the First Lady unveiled her own Solana-based memecoin, MELANIA, in January. This launch came just two days after her husband, President Trump, launched his official token, TRUMP. MELANIA rose rapidly, but then lost approximately 99% of its value in the following months. Similarly, Argentine President Javier Milei initially promoted LIBRA through his personal X account. Its price rose rapidly thereafter. However, the token’s price… The post A New Development Has Been Made in the Scam Including LIBRA and MELANIA Memecoins! “They Were Not Guilty!” appeared on BitcoinEthereumNews.com. There has been a new development on the LIBRA front, the international cryptocurrency scam in which Argentine President Javier Milei is also involved. At this point, a class action lawsuit was filed against Meteora co-founder Benjamin Chow, who was also mentioned in the LIBRA scandal. In the class action lawsuit, Benjamin Chow was accused of orchestrating and leading at least 15 memecoin-related scams, including the MELANIA and LIBRA tokens. The lawsuit alleges that Chow coordinated at least 15 pump-and-dump token transactions with Kelsier Ventures and the Davis family. Melania Trump and Javier Milei are not to blame! In the US class action lawsuit, plaintiffs allege that the entire fraudulent scheme and actions were perpetrated by Benjamin Chow and Kelsier Ventures (Hayden, Charles, and Gideon Davis) and used as a promotional tool for Melania Trump and Argentine President Javier Milei. “These faces and brands were, in fact, used as pretexts to legitimize a coordinated liquidity trap,” the complaint said, referring to US First Lady Melania Trump and Argentine President Javier Milei. The investors who joined as plaintiffs argued that these public figures should not be held liable because they were merely window dressing for the scheme allegedly orchestrated by Meteora and Kelsier Ventures, led by Hayden Davis. “The plaintiffs do not allege that these public figures were guilty; they were merely window dressing for a crime orchestrated by Meteora and Kelsier.” What Happened? As you may recall, the First Lady unveiled her own Solana-based memecoin, MELANIA, in January. This launch came just two days after her husband, President Trump, launched his official token, TRUMP. MELANIA rose rapidly, but then lost approximately 99% of its value in the following months. Similarly, Argentine President Javier Milei initially promoted LIBRA through his personal X account. Its price rose rapidly thereafter. However, the token’s price…

A New Development Has Been Made in the Scam Including LIBRA and MELANIA Memecoins! “They Were Not Guilty!”

There has been a new development on the LIBRA front, the international cryptocurrency scam in which Argentine President Javier Milei is also involved.

At this point, a class action lawsuit was filed against Meteora co-founder Benjamin Chow, who was also mentioned in the LIBRA scandal.

In the class action lawsuit, Benjamin Chow was accused of orchestrating and leading at least 15 memecoin-related scams, including the MELANIA and LIBRA tokens.

The lawsuit alleges that Chow coordinated at least 15 pump-and-dump token transactions with Kelsier Ventures and the Davis family.

Melania Trump and Javier Milei are not to blame!

In the US class action lawsuit, plaintiffs allege that the entire fraudulent scheme and actions were perpetrated by Benjamin Chow and Kelsier Ventures (Hayden, Charles, and Gideon Davis) and used as a promotional tool for Melania Trump and Argentine President Javier Milei.

“These faces and brands were, in fact, used as pretexts to legitimize a coordinated liquidity trap,” the complaint said, referring to US First Lady Melania Trump and Argentine President Javier Milei.

The investors who joined as plaintiffs argued that these public figures should not be held liable because they were merely window dressing for the scheme allegedly orchestrated by Meteora and Kelsier Ventures, led by Hayden Davis.

What Happened?

As you may recall, the First Lady unveiled her own Solana-based memecoin, MELANIA, in January. This launch came just two days after her husband, President Trump, launched his official token, TRUMP. MELANIA rose rapidly, but then lost approximately 99% of its value in the following months.

Similarly, Argentine President Javier Milei initially promoted LIBRA through his personal X account. Its price rose rapidly thereafter. However, the token’s price plummeted 90% within hours, and Milei subsequently deleted his post. This incident led Milei to face fraud charges related to the LIBRA promotion, while a separate investigation by the country’s anti-corruption office concluded that Milei had not violated public ethics laws.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Source: https://en.bitcoinsistemi.com/a-new-development-has-been-made-in-the-scam-including-libra-and-melania-memecoins-they-were-not-guilty/

Market Opportunity
Scamcoin Logo
Scamcoin Price(SCAM)
$0.000662
$0.000662$0.000662
-0.60%
USD
Scamcoin (SCAM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Surprising 2025 Decline In Online Interest Despite Market Turmoil

The Surprising 2025 Decline In Online Interest Despite Market Turmoil

The post The Surprising 2025 Decline In Online Interest Despite Market Turmoil appeared on BitcoinEthereumNews.com. Bitcoin Searches Plunge: The Surprising 2025
Share
BitcoinEthereumNews2026/01/21 14:56
Ethereum Name Service price prediction 2026-2032: Is ENS a good investment?

Ethereum Name Service price prediction 2026-2032: Is ENS a good investment?

Key takeaways: The Ethereum Name Service is a network that enables crypto enthusiasts to rename their cryptocurrency addresses into something simpler, making them
Share
Cryptopolitan2026/01/18 00:18
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01