KOL accuses: Jupiter and LIBRA are suspected of insider trading! Ben Chow clarifies: No insider operation

The incident of the Argentine presidential token $LIBRA continues to ferment, arousing strong attention and doubts from the cryptocurrency community. The well-known KOL@Ed_x0101 publicly accused Jupiter exchange on the X platform of joining forces with the liquidity pool to manipulate $LIBRA, suspected of insider trading and harvesting retail investors, and has cleared $JUP. He believes that $LIBRA is a scam, insiders make profits, but retail investors suffer huge losses, and suggests that Kelsier Ventures may be just a puppet of the manipulator behind the scenes.

Jupiter denies participating in insider trading

In the face of the allegations, Meteora and Jupiter co-founder Ben Chow publicly responded on the X platform, firmly denied that the team had any direct connection with $LIBRA, nor did they participate in any insider trading or hold $LIBRA tokens. He explained that the cooperation with Kelsier Ventures is limited to the technical level and has no special relationship.

$LIBRA issuer and project party responded to

KIP Protocol, the team behind $LIBRA, stated that the token issuance and market operations are entirely under the responsibility of Kelsier Ventures. Kelsier Ventures founder Hayden Davis blamed the market crash on the Argentine president and his team's sudden withdrawal of the statement.

Other project parties also suffered losses

Chaofan Shou, founder of Solayer Restaking Project, also publicly stated that his team lost more than $2 million in $LIBRA investment, and questioned the relationship between the top tokens on the $M3M3 platform and the issuer of $LIBRA and whether Kelsier Ventures issued a large number of fraudulent tokens during the $M3M3 and $LIBRA issuance. These questions have not been answered yet. The truth about the $LIBRA incident remains to be investigated further.

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