Meteora Co-founder Responds to Insider Trading Allegations: Has Established Risk Control Measures, Was "Not Informed in Advance"

Odaily Planet Daily reports that Meteora co-founder Zen stated on the X platform that since taking over Meteora in March last year, the team has been paying close attention to insider trading risks and has implemented corresponding safeguards. As a permissionless platform, Meteora has invested significant effort over the past 12 months to enhance platform stability, ensuring that projects can go live without manual support. The team usually only learns about related information after the projects are launched. Zen pointed out that NYC and YZY, the two largest releases on Meteora over the past year, were both completed without the team’s knowledge.

Zen said they have noticed relevant content on Polymarket, and the team has conducted a detailed review. They remain confident in the current methods of handling integration and releases, as well as team standards. Zen stated that since taking over Meteora with 0xSoju nearly a year ago, the team has focused on building infrastructure and LP-related products for Launchpad and other platforms, without directly participating in deployment work, and will continue to operate in the same manner.