Monty, the founder of DefiTuna, revealed a manipulation scheme involving Kelsier and the leadership of the M3M3 platform, which is owned by Meteora.

The scheme encompassed several major crypto projects, including the Melania token, where Kelsier transferred 1% of the total supply worth $100 million to a DefiTuna employee for liquidity.

The M3M3 employed complex mechanisms to conceal transactions. After the scheme was exposed, DefiTuna returned $30,000 to Kelsier, and Ben from Meteora announced his intention to resign. The total amount of funds withdrawn through the schemes exceeded $200 million.

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