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Class Action Filed Over Meme Coin Schemes
Crypto-Detective
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A new US class action lawsuit accuses Meteora founder Benjamin Chow of orchestrating the infamous LIBRA and MELANIA meme coin schemes.
Investors allege the coins leveraged public figures like Melania Trump and Argentine President Javier Milei as promotional props, but later plunged over 90%, leaving retail investors at a loss.
The filing calls both coins a coordinated liquidity trap, though it does not claim the public figures were complicit.
