A U.S. class-action lawsuit has accused Meteora founder Benjamin Chow of orchestrating a fraud scheme involving the meme coins "MELANIA" and "LIBRA." The lawsuit alleges that Melania Trump and Argentine President Milei were used as figureheads for the projects without direct involvement. Chow, along with Kelsier Ventures and the Davis family, is accused of manipulating at least 15 pump-and-dump tokens, leading to charges of fraud and extortion. The coins experienced significant price surges upon launch, followed by crashes of 99% and 90%, respectively. A judge has approved the unfreezing of $57.6 million in USDC related to the case.