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    1. coinfeeds-bot on

      tldr; Creators of the $MELANIA meme coin face fraud allegations for a pump-and-dump scheme tied to the cryptocurrency launched in January by Melania Trump. Investors claim executives at the Meteora crypto exchange manipulated the market by accumulating holdings, promoting the token, and selling at inflated prices, causing a price collapse. Melania Trump is not named as a defendant, but her likeness was allegedly used to lend credibility. The token’s value has dropped over 99% since its launch.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. It doesn’t matter; the U.S. has two legal systems: one for the wealthy, where almost nothing is treated as a crime, and another for the working class, where police stop, harass, and arrest people for jaywalking.

    3. > According to court filings unsealed on Tuesday, investors claim executives at the Meteora crypto exchange, where the coin first traded, secretly accumulated extensive holdings of $MELANIA before promoting it to retail buyers, triggering a surge and subsequent collapse.

      >**Melania Trump is not named as a defendant**, though plaintiffs argue her name and likeness were used to lend the token credibility.

    4. i never understood the target demographic/audience for this obvious shitcoin. melania isn’t even popular with the maga base! who were they hoping to rug?

      related, it’s uber sad that the sitting president is shitcoining his most ardent supporters. i imagine the vast majority of those that were stupid enough to buy either the trump or the melania shitcoins were maga, not democrats. how can anyone reasonably trust a guy that’s willing to milk his most loyal fans bloody dry like this, over and over?

      sad!

    5. InsightKnite on

      I can’t wait for the next presidency so people can pretend it was just „those bad few“ and that the nation was not completely fucked off the rip. Plantation 2.0.

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