Meteora Founder Responds to Insider Trading Speculation: Has Implemented Risk Management Mechanism, Situation Was 'Not Preinformed'

BlockBeats News, February 26th, Zen, head of the Solana protocol's Meteora, @realdezen, stated that since taking over in March of last year, the team has always taken insider trading risks seriously and has implemented practical protective measures.

Zen described Meteora as a permissionless platform, with the team's main focus over the past 12 months being to enhance infrastructure robustness and reliability to achieve project deployment without the need for manual intervention. Therefore, the team only learned of relevant situations after some projects had already launched or been integrated. In the related prediction markets, Meteora has at one point become the most speculated object with the highest probability and ranking.