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The co-founder of Meteora resigns due to the LIBRA coin controversy, an independent investigation is about to be launched.

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Crypto Potato
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Feb 18, 2025

Ben Chow, co-founder of Meteora, has resigned amid allegations of financial misconduct and insider trading related to the LIBRA meme coin. Although Chow denies involvement in the LIBRA project, Meteora plans to hire the independent firm Fenwick & West to conduct an investigation. The price of the LIBRA coin soared under the promotion of Argentine President Javier Milei, but then plummeted, leading to accusations of market manipulation. In a video, Chow denied any wrongdoing and expressed regret for recommending Hayden Davis for other projects.

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