Ben Chow of LIBRA Token Leaves the Chair Amidst Insider Trading Allegations

The Libra meme coin scandal is finally sized an elephant. It’s taking effect starting today. The first kill- The brilliant co-founder Ben Chow. What Now?  

Amidst bearish follow in the crypto market, another shocking news stresses traders. The founder of Solana decentralized exchange, Meterora, Ben Chow, resigned on 18th Feb 2025. He was charged with rigorous allegations of manhandling LIBRA tokens privately.  

He collected and traded the tokens on personal accord. Charges had been flowing in against him for weeks now. In response, he finally stepped down on Tuesday.  

The news went public through an X post from the “Meow” handle, one which belongs to the unnamed co-founder of Meteora. The post claims- “Meteora has always scaffolded on trust and transparency. In effect, he claimed, Meteora has never withstood any instances of insider trading at any level.”  

Ben’s resignation was a reflection of Meteora’s efforts to keep user confidence brimming. Meow’s handle also reiterated that Ben’s trial was open and candid. The reputed Fenwick & West carried on the investigation against him.  

Based on a trustable third-party report, actions were taken against him. Ben almost single-handedly managed Meteora’s operations. On the other hand, the remaining co-founders never challenged his efficiency or loyalty.  

However, the last few months have been brackish. Sources say that an internal team was investigating basic claims of insider trading against him. When assured that the issue was graver than it seemed, the baton of investigation was passed to Fenwick & West.  

The Controversial LIBRA meme-coin 

All controversies brawled with the LIBRA meme coin at the center. After the Argentine president mentioned the scams going on with LIBRA, the case gained some real attention. Meteora officials, in a desperate attempt to protect user confidence, launched an independent investigation. 

LIBRA users were happy that the coin was surging to new heights. At a point in time, the price climbed up to %4. But a huge fall followed immediately. The reports published by Fenwick & West are shocking.  

Insiders profited more than $100 in the wake of privy pro tips from Ben and his followers. Meanwhile, general investors incurred heavy losses. The co-founder has promised that the findings of the reports will be made public in a few days. In exchange, he requested traders not to lose trust in the coin.  

Going Forward 

From now on, Meow will be working actively and validating day-to-day operations. His prime goal will be uprooting any latent source of inside trading in the office. Traders may have suffered a lot, but they appreciate the transparency that Meow and his team have shown. The meme coin community will be eager to see LIBRA’s price soaring again!