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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Jupiter invited outside investigators after Zhou's resignation.
In a statement, Mr. Myo, co-founder of Jupiter, denied widespread allegations of market manipulation related to Kelsier Ventures and Meteora's M3M3 startup.
Ben Chou, Meteora's co-founder, has been a vocal opponent of the company's internal startup. Despite acknowledging questionable behavior and suspicious wallet activity, he continued to represent the memecoin project flowing to Hayden Davis. Mr. Nya supported Mr. Chou and stated that "there was no financial impropriety, while co-founder of #Jupiter , acknowledged that the ongoing relationship between Mr. Chou and Mr. Davis showed a lack of judgment. Ben Chou has officially left his position at Meteora. To reinforce Jupiter's commitment to transparency, Nya announced that it would hire an outside investigator to vet the Jupiter team. Jupiter initially commissioned Fenwick and West, "one of the most reputable law firms in the world, to conduct the investigation. Nyah and the Jupiter team subsequently reversed that decision. Commenters on social media wasted no time in reminding Meow that Fenwick and West was reportedly responsible for covering up ties between FTX and its sister company Alameda Research, which defrauded customers of $8 billion in 2022. Meow and the Jupiter team are reviewing community feedback and considering options for an outside investigation. While Jupiter is trying to clear the air, KOL and #Solana influencers are not doing themselves any favors. Dozens of influencers have revealed that they knew about the launch of $LIBRA before it became public and could be accused of market manipulation and trading on personal information. Recently, Moti Povolotsky of DefiTuna and Ben Chou of Meteora stated in a video chat with the #band that everyone and their mothers knew. Threadguy, one of Solana's most popular KOLs, released a video defending his name during the $LIBRA crisis. Threadguy has been accused of trading $LIBRA project tokens in exchange for publicity.
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