Alleged $200 Million Meme Coin Scheme on Solana Uncovered
- A coordinated scheme allegedly extracted $200 million from investors through meme coin launches on Solana.
- DefiTuna’s Moty Povolotski accused Kelsier Ventures, Meteora, and M3M3 of orchestrating the scheme.
- Kelsier Ventures invested $30,000 in DefiTuna but was refunded after their activities were discovered.
- Kelsier’s CEO Hayden Davis admitted to sniping during the Libra token launch.
- Screenshots suggest $2.4 million was extracted from community members through MATES and AIAI token launches.
DefiTuna founder Moty Povolotski alleged that Kelsier Ventures, Meteora, and M3M3 coordinated a meme coin scheme on Solana, extracting $200 million at investors’ expense. Evidence suggests significant financial misconduct involving multiple token launches.
Source (2.6)https://cryptobriefing.com/meme-coin-exploitation-solana/?rand=59535
