Meteora Announces Co-founder Ben Chow's X Account Was Hacked After Posting Controversial Claims Targeting Founders of Popular Memecoins

Meteora announced its co-founder Ben Chow's X account was hacked after it posted controversial claims targeting founders of popular memecoins.

Meteora announced that co-founder Ben Chow’s X account was hacked and used to post controversial claims targeting founders of popular memecoins. The incident comes as several recent token launches, including Libra (LIBRA), Melania Meme (MELANIA), and Official Trump (TRUMP), have sparked heated interest and debate.

Co-founder’s X Account Posts Accusations Against Memecoin Founders

On March 11, Chow’s X account posted an “official statement” explaining why he resigned from Meteora. The tweet accused Vlad Pozniakov and Dhirk, co-founders of DefiTuna, of exploiting memecoin launches solely for profit. It specifically mentioned the MELANIA token, along with others like Mates (MATES) and a recent launch on the Raydium platform.

The tweet read:

As a long-time Solana builder, the reason I stepped down is because I am far too trusting for how parasitic the memecoin space is. I've watched in disbelief as promising projects get overrun by leeches & founders focused solely on how to max extract.

However, Meteora’s official X account quickly labeled the post as fraudulent. The company stated that Chow’s account had been compromised and urged everyone not to click any links shared by the hacked account. Meteora deleted the controversial tweet promptly once it regained control over Chow’s account.

The post read:

Attention all Meteora users, please be advised that Ben Chow's X-account has been compromised. Kindly disregard any posts or links shared from his account.

In his post, Chow also included screenshots that purportedly showed private WhatsApp conversations between executives of investment firm Kelsier Ventures and DefiTuna co-founder Vlad Pozniakov. One message from an individual named "JP" read, "Yeah fellas tbh we are trying to max extract on this one," referring to the MATES memecoin.

However, it remains to be determined if these WhatsApp screenshots are genuine.

Zen, another Meteora co-founder who recently became CEO following Chow’s departure, confirmed the hack. He added that Meteora’s X account was also compromised and used to share a fraudulent post about a new token on the Raydium exchange.

Meteora urged investors to be cautious and avoid clicking on any links from both Chow’s and Meteora’s compromised accounts to protect against potential financial losses.

Argentine President Under Fire for Endorsing Collapsed Memecoin

Meanwhile, Argentina’s President Javier Milei is currently facing demands for impeachment following his endorsement of the Libra (LIBRA) memecoin, a Solana-based token.

Milei’s public support helped increase LIBRA’s value from nearly zero to $5 per token, briefly creating a market valuation of around $4 billion. However, the token’s price collapsed shortly afterward due to massive selling, leading to investors losing millions of dollars.

Critics accused Milei of participating in a “rug pull,” where token creators or promoters drive up a token’s price and then quickly sell their holdings, leaving ordinary investors with worthless tokens.

The president strongly denied these accusations and defended his actions, stating that endorsing projects like LIBRA aligns with his free-market economic philosophy. He urged people to conduct their own research on the projects and invest at their own discretion.