TechFlow News: On February 26, Zen, co-founder of Meteora, disclosed in a post that since assuming control of Meteora in March last year, the team has taken insider trading risks seriously and implemented substantive safeguards. Zen stated that, as a permissionless platform, Meteora has invested significant effort over the past 12 months to become robust and reliable enough to enable projects to launch without direct personal support from the team. He cited two of the largest token launches on Meteora over the past year—$NYC and $YZY—as examples that occurred without prior knowledge or involvement from the team. Zen emphasized that the team’s focus remains entirely on building best-in-class technology to support launchpads and other platforms—not on direct engagement with deployers. Regarding related questions raised on Polymarket, Zen stated that the team has conducted a thorough review and retains full confidence in its approach to integrations, token listings, and internal standards.
Earlier, on-chain investigator ZachXBT announced: “A report exposing insider trading by employees of a high-profit crypto enterprise will be released on February 26.”
