Key takeout
Solana’s coordinated scheme is said to have drawn $200 million from investors through the launch of Meme Coin. Defituna’s Moty points fingers with Kelsier Ventures, Meteora, and M3M3.
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Defituna co-founder Moty Povolotski said Kelsier Ventures, Meteora and M3M3 have coordinated a series of meme coin launches in Solana to extract $200 million in profits at the expense of unsuspecting investors It’s claiming.
In a series of tweets on February 17, Moty revealed that Kelsier Ventures had invested $30,000 in Defituna last month, but upon discovering Kelsier’s activities, Defituna refunded the investment and cut off all ties. I did.
Kelsier Ventures, led by CEO Hayden Davis, is a key entity in the launch of Libra Token. In a recent interview with Coffeyzilla, Hayden confirmed that the team shot the Libra Token during the launch.
“I personally put myself at risk and everything we built in defituna, trying to raise my voice to key players and naming bad actors and kick them out. “We did,” said the founder of Defituna.
The founder revealed the existence of “a massive spider web of influencers who have deposited millions of banks from the Meteora community, made possible by Ben’s leadership team.”
According to Moty, Ben or Ben Chow, he was scheduled to resign after the Libra scandal.
The video obtained by Solanafloor and later cited by Moty shows that he told Ben about Hayden’s allegations of misconduct in Hayden’s meme coin. Ben appears to be surprised by the news, denying any involvement by himself and Meteora, and saying he regrets linking Hayden with other projects.
Breading breaking:solanafloor has obtained exclusive video evidence to publish an over $200 million memo coin extraction scheme linked to @kelsierventures, @meteoraag and @wearem3m3_.
The footage featuring Defi Muna founders @cavemandhirk and Ben Chow lends more credibility to the allegations on pic.twitter.com/rjplbgkcjg.
– solanafloor (@solanafloor) February 17, 2025
Following Moty’s tweets and footage, Meow, co-founder of Jupiter Dex, announced that Ben has resigned from his role at Meteora.
Meow strongly denied Jupiter or Meteora’s involvement in insider trading, financial misconduct, or inappropriate token distribution.
Hello, I heard from Jupiter and I co-founded Meteora too.
First, I would like to repeat the confidence that none of Jupiter or Meteora has committed insider trading, financial misconduct or improperly received tokens.
Secondly, we hire a third independent…
– Meow (🐱, 🐐) (@weremeow) February 18, 2025
More detailed surface
According to evidence shared with Solanafloor, Kelsier approached Defituna through a Lebanese-based employee, providing liquidity to the M3M3, which is believed to be owned by Chow. It is said that the project launched with M3M3 will need to allocate a portion of the token supply to Kelsier groups, as Moty detailed.
Screenshots show that $2.4 million has been extracted from community members via the launch of Mates and AIAI tokens, with both tokens down 95% since launch.
In the Melania Meme Token case, Kelsier provided Defituna with 1% of its total supply, and at peak valued at $100 million, demanding anonymous sales via Orca LP tokens as NFTS, avoiding chain tracking. Ta. However, Hayden told Coffeezilla that his team has not benefited from the launch of the Melania Token.
When asked about Kelsier’s total profit from the M3M3, Moty said:
“As if we consider a bunch of AIAI + MATES + ENRON + other projects… + Melania + Libra… over 200m? And there are even more projects.”
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