In a surprising turn of events, investors who lost millions of dollars in a cryptocurrency dubbed $MELANIA are taking aim at the coin's original promoter – none other than Melania Trump herself. While the former first lady is not being accused of any wrongdoing, her involvement has been called into question.
The lawsuit against the two men behind the $MELANIA coin, Benjamin Chow and Hayden Davis, claims that they engaged in a pump-and-dump scheme to deceive investors and inflate the value of numerous cryptocurrencies, including $MELANIA. However, Melania Trump's name is not being named as a defendant in the case.
Instead, her involvement is seen as having served as "window dressing" for the scam – essentially using her high profile as a way to make the coin more attractive to potential buyers. The plaintiffs claim that she was not involved in the actual operations of the scheme, but rather used her platform to promote the coin and help it gain traction.
In fact, Melania Trump's endorsement of $MELANIA has been cited as one of the factors that contributed to its brief surge in value. Her post-launch promotion on X helped drive prices up to a whopping $12.95 per coin at one point. The plaintiffs are now seeking damages for what they claim was millions of dollars in losses suffered by investors.
It's worth noting, however, that Melania Trump is not being accused of any wrongdoing herself – just her involvement in the scheme. This has sparked accusations of a double standard when it comes to treatment of former first ladies and their perceived level of culpability in controversies.
The case serves as a reminder of the power of social media influencers and the need for careful scrutiny of cryptocurrency promotions that use high-profile endorsements to lure in investors. As one observer noted, "if former first ladies Jill Biden or Michelle Obama were tied to allegations of crypto-grifting, the story would be blasted across conservative media endlessly." It seems that Melania Trump's involvement has flown under the radar – at least for now.
The lawsuit against the two men behind the $MELANIA coin, Benjamin Chow and Hayden Davis, claims that they engaged in a pump-and-dump scheme to deceive investors and inflate the value of numerous cryptocurrencies, including $MELANIA. However, Melania Trump's name is not being named as a defendant in the case.
Instead, her involvement is seen as having served as "window dressing" for the scam – essentially using her high profile as a way to make the coin more attractive to potential buyers. The plaintiffs claim that she was not involved in the actual operations of the scheme, but rather used her platform to promote the coin and help it gain traction.
In fact, Melania Trump's endorsement of $MELANIA has been cited as one of the factors that contributed to its brief surge in value. Her post-launch promotion on X helped drive prices up to a whopping $12.95 per coin at one point. The plaintiffs are now seeking damages for what they claim was millions of dollars in losses suffered by investors.
It's worth noting, however, that Melania Trump is not being accused of any wrongdoing herself – just her involvement in the scheme. This has sparked accusations of a double standard when it comes to treatment of former first ladies and their perceived level of culpability in controversies.
The case serves as a reminder of the power of social media influencers and the need for careful scrutiny of cryptocurrency promotions that use high-profile endorsements to lure in investors. As one observer noted, "if former first ladies Jill Biden or Michelle Obama were tied to allegations of crypto-grifting, the story would be blasted across conservative media endlessly." It seems that Melania Trump's involvement has flown under the radar – at least for now.
. I mean, you'd think her name attached to a scam would be all over the news by now. But allegedly she just kinda... helped it get some visibility and stuff 
. The thing is, I don't know if this is a legit case against Benjamin Chow and Hayden Davis or not. Can we get sources on the pump-and-dump scheme claims? It sounds sketchy. And what's with the double standard when it comes to former first ladies being accused of wrongdoing? Shouldn't they all be held to the same standards? 
. I mean, she didn't actually do anything wrong, right? Just used her name and influence to make a coin more interesting... which, let's be real, worked! 
Who hasn't been tempted to jump on the crypto bandwagon when they see their names associated with it?
. The real issue here is the lack of transparency and accountability in crypto promotions.
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. I mean, what's fair when it comes to scrutinizing public figures? If Melania Trump gets off scot-free just because she didn't cook the books herself, doesn't that send the wrong message about accountability? And let's not forget, this whole thing started with a pump-and-dump scheme – that's some shady stuff right there 
. It's time we start holding our public figures to a higher standard, even if they are high-profile ladies 
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Oh man, this is a big one... can't believe the scammers behind $MELANIA are trying to shift the blame onto Melania Trump. I mean, we all know she was involved in promoting that coin and it kinda helped it go up in value. It's not like she's being accused of doing anything wrong either... just her involvement in the scheme. But you can bet this is gonna be a slippery slope - if they can't take down someone with her level of influence, how are they gonna hold others accountable? This whole thing just reeks of a cover-up and I'm low-key worried about all these other cryptocurrency scams that probably went under the radar too 
! I mean, who knew Melania was involved in a cryptocurrency scam? 
. But now it seems like she just used her fam's name to make it look legit 
I mean, if anyone should be held accountable for this mess, it's the two dudes who actually ran the scheme 
. But hey, at least they're getting what's coming to them 
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. I mean, you don't wanna get duped into investing in some sketchy coin because of a pretty face 
. I mean, if Jill Biden or Michelle Obama were involved in something like this, they'd be all over the news. But Melania Trump just gets a free pass? 
? I mean, who tries to pass off a scheme using their famous name as "window dressing" for a scam? It's like they're trying to say "oh look, we must be legit if Melania Trump endorses us!" 
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. We need to make sure we're not getting caught up in FOMO and making rash decisions based on emotions rather than facts 
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The fact that they're targeting Melania Trump specifically is wild, tbh 
.
. We gotta stay vigilant and make sure we're not getting taken advantage of by scammers 
#CryptoScams #MelaniaTrump #LessonLearned