First lady not named in suit in which investors allege Meteora executives created coin they knew would plummet
The designers of a cryptocurrency launched by the US first lady, Melania Trump, in January were accused in court filings on Tuesday of orchestrating a pump-and-dump scheme.
The $MELANIA coins were released for just a few cents each on 19 January, the day before Donald Trump was inaugurated as US president. In addition to $MELANIA, Donald Trump launched $TRUMP a few hours before his inauguration.
Within hours, the $MELANIA coin’s price soared to $13.73.
A lot of this isn’t scamming, strictly speaking. It’s a legalized form of bribery.
The Qataris are some of the biggest holders of these coins, as a means of extracting foreign policy concessions from the President
I don’t think this one is legalized. They may have five it to obfuscate the bribery, but that doesn’t make it any more legal
Yep. Probably a lot of marks got caught up in this, but it is most likely just a way to directly bribe this shitstain of a “president” by who knows what entities/countries.