Meteora, a Solana-based decentralized finance (DeFi) project, is facing insider trading allegations following the dramatic rise and collapse of the LIBRA token, culminating in CEO Ben Chow's resignation. Chow stepped down earlier this week, according to Meow, the pseudonymous founder of decentralized exchange (DEX) Jupiter and a co-founder of Meteora. Meteora, known for its lending protocol aggregation and automated market maker (AMM), saw its Total Value Locked (TVL) drop to approximately $1.02 billion on Tuesday, down from $1.52 billion in January, according to DeFiLlama. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io