Story perspectives
Lawsuit Claims $MELANIA Crypto Scheme Misled Investors
10/26/2025
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Story summary
- The lawsuit accuses the creators of the $MELANIA cryptocurrency of using First Lady Melania Trump's name to deceive investors.
- It alleges a pump-and-dump scheme that inflated the coin's value before developers cashed out.
- Melania Trump briefly promoted the token on social media, but the suit says she was unaware.
- The case underscores risks of celebrity-endorsed cryptocurrencies and alleges racketeering and market manipulation.
