Meteora's co-founder responded to insider trading allegations: A risk control mechanism has been established, and the company was "unaware of the situation beforehand."

Zen, co-founder of Meteora, stated in a post on the X platform that since taking over Meteora last March, the team has consistently prioritized insider trading risks and implemented corresponding safeguards. As a permissionless platform, Meteora has invested significant effort over the past 12 months in improving its robustness, ensuring projects can be launched without human intervention; the team typically only learns about relevant information after a project has gone live. Zen pointed out that NYC and YZY, the two largest launches on Meteora in the past year, were both completed without the team's knowledge. Zen stated that they are aware of the relevant content on Polymarket, and the team has conducted a thorough review, maintaining confidence in their current integration and launch handling methods and team standards. Zen stated that since taking over Meteora with 0xSoju nearly a year ago, the team has focused on building infrastructure and LP-related products for Launchpad and other platforms, without directly participating in the deployment work, and will continue to operate in the same manner.