Stand Up for Investors' Right to Know – Say No to Dumping Sell-Offs! [RootData Bounty Campaign]
API Download the RootData App

DeFiTuna exposes Kelsier for manipulating multiple projects including MELANIA, harvesting over 200 million dollars

Feb 18, 2025 10:39:22

Share to

ChainCatcher news, DefiTuna founder Dhirk announced via X platform that he has refunded $30,000 and severed ties with investor Kelsier due to Kelsier's alleged involvement in market manipulation.

Dhirk stated: "Everyone internally knows there is a huge network of influencers who, with the support of Ben's leadership team, have made millions from the Meteora community."

According to SolanaFloor, the DefiTuna founder claimed that Kelsier was involved in a well-orchestrated scheme to extract large amounts of funds from the meme coin launchpad platform M3M3. M3M3 was initially packaged as an independent platform but was actually controlled by Meteora co-founder Ben; projects launching on M3M3 were required to allocate token shares to Kelsier's team; DefiTuna co-founder Vlad was passively involved, mistakenly believing the collaboration was legitimate. It is estimated that the Kelsier team has harvested over $200 million in user funds through projects like AIAI, MATES, ENRON, MELANIA, and LIBRA.

Recent Fundraising

More
$1M Dec 25
$35M Dec 24
$2M Dec 24

New Tokens

More
Dec 23
Dec 20

Latest Updates on 𝕏

More
Dec 24
Dec 23