ChainCatcher news, according to the latest information, Burwick Law and Hoppin Grinsell law firms have represented investors in a lawsuit against Ben Chow, the Meteora platform, and Hayden Davis, Gideon Davis, CT Davis, and Kelsier, among others. The complaint alleges fraud, securities fraud, and other illegal activities in the process of launching the M3M3 token on the Meteora platform.

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.

ChainCatcher news, the Solana ecosystem liquidity platform Meteora officially announced on the X platform that it plans to airdrop M3M3 tokens to some stakers. This move aims to guide Meme coin trading from PVP to PPP. The current reward pool amount is $3.317 million.It is reported that the M3M3 fee reward funds mainly come from the trading fees of the locked liquidity in the Memecoin pool. These fee rewards need to be manually claimed by the stakers, and the current model is in Beta version.