Meteora Co-founder Responds to Insider Trading Allegations: Risk Control Mechanisms Established, "Unaware" of Related Circumstances

Odaily News Meteora co-founder Zen stated in a post on X that since taking over Meteora in March last year, the team has consistently prioritized insider trading risks and implemented corresponding safeguards. As a permissionless platform, Meteora has dedicated significant effort over the past 12 months to enhancing platform robustness, ensuring projects can launch without requiring manual support, with the team typically only learning about projects after they go live. Zen pointed out that NYC and YZY, being the two largest launches on Meteora over the past year, were both completed without the team's prior knowledge.

Zen mentioned having noticed related content on Polymarket, prompting the team to conduct a detailed review, and expressed confidence in their current methods for handling integrations and launches as well as team standards. Zen stated that in the nearly one year since he and 0xSoju took over Meteora, the team has focused on building infrastructure and LP-related products for the Launchpad and other platforms, without directly participating in deployers' work, and will continue to operate in the same manner.