Meteora Co-Founder Hit with New Lawsuit Over Token Scams Linked to Trump, Milei

Benjamin Chow, a well-known crypto developer and co-founder of the Meteora decentralized exchange on Solana, has been fingered as the driving force behind a plan to cheat investors through 15 different token schemes.

A revised version of a class-action lawsuit that was first filed in a New York federal court on April 21, 2025, says that Chow, Meteora, and Kelsier Ventures, a firm run by Hayden Davis and some of his family members, used the names of famous people like U.S. First Lady Melania Trump and Argentine President Javier Milei to give credibility to coordinated scams meant to milk money from unwitting crypto investors.