MELANIA Token Issuer Meteora Executive Accused by Investors

By: theblockbeats.news|2025/10/22 10:45:55
0
Share
copy

BlockBeats News, October 22nd, according to court documents, former First Lady Melania Trump's January-launched Meme coin MELANIA's issuer Meteora's executives have been sued, accused of organizing the token issuance knowing it would experience a sharp drop. On January 19th, the day before Trump's inauguration as President of the United States, the Meme coin MELANIA was issued at a few cents per coin, subsequently skyrocketing to $13.73, currently trading at less than one percent of its peak price.

Investors accuse the executives of the Meme coin MELANIA's initial issuance platform Meteora of orchestrating a scheme to dump and profit massively while causing a price crash. According to a survey published last week by the Financial Times, the Trump family has made over $1 billion in pre-tax profits in the past 12 months through various cryptocurrency-related products and companies. In the latest filings in the Southern District of New York court, the plaintiffs stated that they do not believe First Lady Melania is "guilty," but they accuse the cryptocurrency company of using her and other public figures as a "front" for their crimes. Meteora has not yet responded to requests for comment.

You may also like

SpaceX vs Tesla vs xAI: Which Elon Musk Trade Has the Biggest Upside in 2026?

SpaceX's IPO is days away, Tesla holds over 11,000 BTC, and xAI is betting big on AI. Here's how traders are comparing the three biggest Musk narratives.

OpenAI Reveals It Has Confidentially Submitted an S-1 to the SEC, Keeping the Door Open for a Future IPO

On June 9, according to an OpenAI announcement, the company recently confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), beginning the preliminary compliance process for a potential initial public offering. OpenAI said it chose to disclose this proactively because it expected the news might leak; however, the company has not yet set a specific listing timeline, and related arrangements may still take some time.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?

Apollo and Blackstone Reportedly Back $35 Billion Anthropic Chip Financing as Deal Details Remain Unclear

On June 9, according to currently available news alerts, Apollo and Blackstone Group participated in a $35 billion financing for an Anthropic “chip project.” Based on the original wording of the report, the funding has already been raised, but public information remains limited. The financing structure, use of proceeds, project entity, and whether Apollo and Blackstone participated through equity, debt, or project financing have not yet been disclosed.

Humanity Protocol Security Incident Escalates: More Than $31 Million Stolen From Related Addresses as Attacker Continues Selling H for ETH

On June 9, according to monitoring by Onchain Lens, more than $31 million has been stolen from addresses linked to Humanity Protocol, and the attack is still ongoing, with the hacker continuously swapping H tokens for ETH. Project founder Terence Kwok later confirmed the security incident on X, saying the issue involved a private key leak.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com