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Melania Trump's Crypto Tied to Major Fraud Scheme

10/22/2025

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Summary

Story summary

A legal filing implicates a cryptocurrency promoted by U.S. First Lady Melania Trump in a multimillion-dollar fraud scheme that could set new standards for token launches in the United States.
Investors accuse Benjamin Chow and Hayden Davis, cofounders of crypto firms, of orchestrating the fraud using the memecoin $M3M3 and tokens including $MELANIA.
The plaintiffs seek to amend their complaint after whistleblower information.

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Story summary

A legal filing implicates a cryptocurrency promoted by U.S. First Lady Melania Trump in a multimillion-dollar fraud scheme that could set new standards for token launches in the United States.
Investors accuse Benjamin Chow and Hayden Davis, cofounders of crypto firms, of orchestrating the fraud using the memecoin $M3M3 and tokens including $MELANIA.
The plaintiffs seek to amend their complaint after whistleblower information.