Odaily Planet Daily News Jupiter founder meow posted a message to respond to the Libra incident on X: "Hello everyone, I am meow from Jupiter, and I am also the co-founder of Meteora. First of all, I want to reiterate my confidence, Jupiter and Meteora No one has committed any insider trading or financial misconduct, nor has anyone obtained any tokens in an inappropriate way. Secondly, we are hiring an independent third party (famous law firm Fenwick & West) to investigate and publish a report, and they will be independent Publish the report. Thirdly, I support Ben and his statement. I believe he said there is no financial misconduct when dealing with partners. Meteora has been operating as a Jupiter-independent entity for more than a year, and Ben has been operating it, And I wasn't involved. He did a great job of building a team, the most innovative DEXs in the past year and the most active LP community in the world. While I'm 100% confident in Ben's character, I'm a project leader as a project leader , he has also shown a lack of judgment and concern over some of the core aspects of the project (considering its current scale and reputation). Unfortunately, this is unacceptable. Ben understands this and chooses Resign. Looking ahead, we will find new leaders for Meteora. As many can prove, Ben has been a very helpful and kind player in the ecosystem. I ask everyone not to draw conclusions, when he tries to wash Treat him as kind as possible when clearing his reputation. JUP has always been the gold standard in terms of token transparency. We are the only major protocol to account for each token during 3 audits. We have never been off the market Tokens are sold, and the use of each major token is carefully documented and planned by our audit. Token integrity is crucial to us from day one. Secondly, Jupiter is the least in the ecosystem One of the predatory players. We allow users to redeem tens of billions of dollars for free and allow our partners to earn hundreds of millions of dollars in fees, with little revenue coming from our side. Over the past year, we The perpetual contract fees are transparently documented and reported with two of the best audit partners in the field. Even our recent Ultra Mode is the first time we charge users a redemption fee of 0.05%-0.1 %, 10 to 20 times lower than other major platforms. In addition to the amount used to fund recruitment and operational expenses, the vast majority of the expenses are kept on Solana and invested in jupSOL/JLP and stayed within the ecosystem. Just me For example, I have never sold a JUP and have not traded Meme coins regularly. I have been offered free tokens for marketing many times, but I have all rejected them. Before Jupiter, most of the tokens I received from investment/consultation were diamond hands. I want to apologize for the recent pressure on the team, the community and the ecosystem as a whole. Despite our very high standards for Jupiter’s token integrity, I want to apologize for our failure to get other projects in the field to meet the same standards. This is a watershed moment for our industry and now I realize very clearly that the way to grow the industry is not just through more tokens, but with the same level of token certainty, long-term consistency and extreme transparency as JUP project. One of my main goals is to create license-free products, operating systems and ethical standards that I believe can form a new foundation for the future development of cryptocurrencies. 1. Make jup.ag the best decentralized platform 2. Build Jupnet as a network that connects everything 3. Drive standards of certainty, consistency and transparency in our industry I am not perfect, I have learned a lot of important lessons. I hope to learn from this and use the powerful system we built for JUP to define the next major stage of our industry – growth. ”
