According to the TechFlow news on February 18, Jupiter co-founder meow stated that Jupiter and Meteora were not involved in any insider trading or financial misconduct. He mentioned that the company has hired the well-known law firm Fenwick & West to conduct an independent third-party investigation and release a report. At the same time, he emphasized that JUP Token has always maintained a high standard of transparency and is the only major protocol that provides detailed explanations for each Token in three audit processes, never conducting Over-the-counter Trading (OTC).
The decentralized trading platform Meteora’s project lead, Ben, has chosen to resign. Meow stated that while he has full confidence in Ben’s character, as the project lead, Ben’s lack of judgment and focus on core project aspects over the past few months is unacceptable.
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