Melania Trump has been mentioned in a new legal filing targeting the creators of a cryptocurrency that carried her name. The “$MELANIA” coin, launched around the time of former President Donald Trump’s inauguration, was promoted by the former first lady on X (formerly Twitter), causing prices to surge to nearly $12.95 per coin.
Although Melania Trump is not accused of any wrongdoing and is not named as a defendant, investors claim she was used as “window dressing” for a wider fraudulent scheme.
Earlier this month, she reposted the coin company’s “Into the Future” slogan featuring her image, reigniting attention on the meme token. As WIRED reported, plaintiffs have asked the court for permission to file a new version of their lawsuit, alleging that the $MELANIA token was among more than a dozen coins involved in a pump-and-dump operation.
Happy Halloween: Elvira, Mistress of the Dark Celebrates 45 Years of Fearless Fun – USA Herald
Whistleblower Allegations and New Legal Developments
The proposed second amended complaint, based on information from an anonymous whistleblower, accuses Benjamin Chow, cofounder of crypto exchange Meteora, and Hayden Davis, cofounder of venture firm Kelsier Labs, of orchestrating a multimillion-dollar fraud.
