Meteora co-founder Ben Chow's has reported that his social media account was hacked after a tweet was posted on his account, sparking a controversy around the launch of the Libra (LIBRA), Melania meme (MELANIA), and Official Trump (TRUMP) memecoin tokens.

On March 11, Chow’s X account posted an official statement announcing his departure from Meteora. The post calls out DefiTuna founders Vlad Pozniakov and Dhirk for extract the maximum funds possible from the various memecoin tokens launches, including MELANIA, Mates and a Raydium launch.

The conspiracy theory behind the memecoin

Meteora's official X account has later flagged the post as fraudulent, claiming that Chow's X account has been compromised.

In the now deleted post, it contained screenshots of WhatsApp conversation between Kelsier Ventures CEO Hayden Davis, Kelsier Ventures' chief operating officer Gideon David adn Pozniakov discussing that MATES token, where one was quoted saying"Yeah fellas, tbh we are trying to max extract on this one."

But the legitimacy of the conversation couldn't be verified.

Meteora's co-founder and now CEO, also shared that Meteora's X account was also compromised along with Chow's

"It's true that someone gained access momentarily to our Meteora X account. We've since reset the account and are now verifying."

Investors were warned not to click on any links shared from the accounts to avert any financial losses.

Argentina President's Libra controversy

Just last month, Argentine President Javier Milei was placed under scrutiny after promoting the Solana-native Libra token.

Milei's endorsement initially caused the token's value to surge from nearly zero to $5, while the market capitalisation reach a whopping $4 billion.

But the hype was only temporary, and the token crashed shortly after, causing many investors to suffer huge financial losses in the process.

Enraged by the fact that the President endorsed a fraudulent coin, some are even calling for the impeachment of Javier. But the president has dismissed any wrongdoing and dismissed the rug-pull allegation, claiming he was just telling people about the project, but didn't ask anyone to really buy the coin.