Jupiter Founder: Meteora Co-founder Ben Resigns, Independent Third-Party Law Firm Hired to Produce LIBRA Investigation Report

BlockBeats News, February 18, Jupiter founder Meow posted on social media, stating, "I am also the co-founder of Meteora. First of all, I want to reiterate my confidence that neither Jupiter nor Meteora has been involved in any insider trading or financial misconduct, or improperly received any tokens.

Secondly, we have engaged an independent third party (Fenwick & West, one of the world's most famous law firms) to conduct an investigation and produce a report that they will release independently.

Thirdly, I support Ben and his statement. I believe what he said about no financial impropriety when dealing with partners.

Meteora has been operating as a separate entity from Jupiter for over a year, with Ben running the show while I have not been heavily involved. He has done an outstanding job building the team, creating the most innovative DEX of the past year, and the world's most active LP community.

While I have 100% confidence in Ben's character, as the project leader, he has shown a lack of judgment and indifference to some core aspects of the project in recent months (given the current scale and reputation of the project).

Unfortunately, this is unacceptable. Ben understands this and has chosen to resign. Looking ahead, we will be looking for new leadership for Meteora.

I have never sold a single JUP, nor engaged in irregular trading of meme coins. I have received multiple invitations for free token marketing, but I have turned down each one. I have chosen to 'diamond hand' most of the tokens I have received through investments/advisory roles, especially before Jupiter.

For the recent pressure on the team, community, and the entire ecosystem, I deeply apologize."