TechFlow News, February 26: According to a post by Zen, co-founder of Meteora, 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 support from the team. He cited two of the largest token launches on Meteora over the past year—$NYC and $YZY—as examples, both of which occurred without prior knowledge or involvement from the team. Zen emphasized that the team’s focus remains entirely on building the best possible 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 remains confident in its approach to integrations, launches, and internal standards.
Earlier, on-chain investigator ZachXBT announced that it would release an investigative report on February 26 regarding insider trading by employees of a high-profit cryptocurrency enterprise.
