Solana's largest DeFi founder Ben Chow was exposed to 'conspire with Kelsier Venture' to harvest over 200 million M3M3, $LIBRA, $MELANIA.

Solana DeFI protocol DeFiTuna founder Moty revealed in a tweet last night that the market manipulation team behind the LIBRA incident, Kelsier Venture, had long manipulated the market using the meme launch platform M3M3 operated by Ben Chow, and had plundered more than $200 million from the market on tokens such as AIAI, MATES, ENRON, Melania, and LIBRA. (Background: President of Argentina forwarded $LIBRA purchase tutorial, quickly pulled back 100%, saying "this is not promotion", and the price fell back to the original point) (Background: KOL revealed that Jupiter "colluded with liquidity pool" to play people for suckers, the founder hurriedly clarified: it has nothing to do with the LIBRA token, no insider trading) President of Argentina Javier Milei triggered many subsequent events when he issued the coin $LIBRA last weekend. In addition to the exposure of the manipulation team Kelsier Ventures behind the scenes, even the largest protocol Jupiter and the operation behind Meteora on Solana were exposed to the public, leading to the resignation of Ben Chow, the co-founder of Jupiter and Meteora, today. As for why Ben Chow chose to resign today, the reason may be related to the bombshell revelation by Moty, the founder of Solana DeFI protocol DeFiTuna, last night (17th). The founder of DeFiTuna accused Kelsier Venture and Ben Chow of market manipulation. Moty tweeted on the 28th, stating that after the LIBRA incident, DeFiTuna had terminated its cooperation with Kelsier Venture and refunded the investment. He strongly criticized Kelsier Venture, Meteora, and its co-founder Ben Chow in the comments, accusing them of manipulating the market behind the scenes and plundering market funds through the token launch platform M3M3. In a series of tweets, he made the following four key points: Kelsier is suspected of organized fund extraction through the memecoin issuance plan of M3M3. The leadership of Meteora (including Ben) established a network of influencers to manipulate tokens for huge profits, to the detriment of the general community investors. Moty had directly contacted the core team of Meteora, but received almost no response or accountability. Co-founder Ben of Meteora, after being questioned, stated that he would resign, but his public statement was vague and evasive. In addition, after further interviewing Moty on SolanaFloor, the whole event took on a more complete shape. DefiTuna accepted an investment from Kelsier with a size of $30,000 which put Kelsier as the 2nd smallest investor in DefiTuna back in January 16, 2025. Upon finding out about Kelsier's activities we have refunded Kelsier and cut all ties. — Dhirk (@CavemanDhirk) February 17, 2025 M3M3 launch platform became the headquarters of market manipulation According to SolanaFloor, Moty detailed the interaction between DeFiTuna and Kelsier, revealing that Kelsier had contacted them through an employee named Thomas in Lebanon, hoping to assist the meme launch platform M3M3 in providing Liquidity. Initially, M3M3 was packaged as an independent platform, but it was later discovered that it was actually brought under Ben Chow's control. Kelsier's intervention required all projects launched on M3M3 to allocate a certain proportion of tokens to them. DeFiTuna's co-founder Vlad passively participated, believing that the cooperation was legitimate. Moty revealed that Kelsier had personally requested them to provide Liquidity for M3M3, while Ben Chow, the co-founder of Meteora, strictly prohibited any volume from flowing to platforms outside Meteora. Additionally, Moty shared multiple screenshots, exposing Kelsier's manipulation methods: Kelsier had requested DeFiTuna to manage Liquidity for projects on M3M3, with MATES being one of the earliest projects launched. Another screenshot showed that only on MATES and AIAI ( high points, the two tokens, Kelsier had plundered $2.45 million from market users since issuance Kelsier Venture manipulates Melania project In addition, the most well-known recent official meme coin $Melania was also manipulated by Kelsier Venture. According to evidence shared by Moty, an hour before the issuance of Melania Token, Kelsier provided the TokenAddress to DeFiTuna and informed them that Melania's official X account would release related news, and the US President Trump would also forward the post. Subsequently, Kelsier transferred 1% of the total supply of Melania (valued at $100 million at peak times) from the melania-liquidity1.sol Wallet to Vlad to provide Liquidity. Shortly after, Kelsier founder Hayden requested Vlad to anonymously sell this 1% of the total supply. According to Moty, in order to avoid on-chain tracking, they planned to first enter an Orca Open Position and obtain LP Tokens as Non-fungible Tokens, and then transfer the Non-fungible Tokens to Hayden. Subsequently, Hayden and his team would exchange the Non-fungible Token to obtain funds, effectively bypassing on-chain monitoring. Vlad, alarmed by this request, consulted Moty, who then instructed Vlad to refund all funds to Kelsier. Kelsier Venture plundered more than $200 million from the market through the M3M3 platform What is even more shocking, Moty pointed out that in multiple projects - including AIAI, MATES, ENRON, Melania, and LIBRA - the total amount of funds plundered exceeded $200 million. It is understood that before the official issuance of these tokens, Hayden would share the mintAddress with a group of KOLs, allowing them to buy in advance and make huge profits. When asked about Kel...