Archive · 26 Oct 2025
Melania Trump-Linked Crypto Scam Accusations Unfold in Lawsuit
Some people made a scam using cryptocurrencies called $MELANIA and others.
They used Melania Trump's name to make people think the crypto was trustworthy and buy it.
These people secretly bought lots of the coin before anyone else could, then got others to promote it online.
Once the price went up, they sold their coins for a huge profit.
This caused the price to crash, leaving regular people who bought the coin with big losses.
The lawsuit says the scammers tricked investors by making it seem like Melania Trump supported the crypto.
A lawsuit alleges a pump-and-dump scheme involving crypto tokens promoted by Melania Trump.
The suit targets Benjamin Chow and Hayden Davis for allegedly orchestrating the fraud.
$MELANIA, which used Melania Trump's image, is one of the tokens involved.
The accused allegedly used a 'playbook' to artificially inflate prices, then dump their holdings.
The scheme resulted in a 95% crash after insiders sold their tokens for profit.
- Who
- Benjamin Chow and Hayden Davis, Melania Trump (promoter)
- What
- A pump-and-dump crypto scheme using Melania Trump's image to lure investors
- When
- January 19, around the time of Donald Trump's second inauguration
- Where
- N/A
- Why
- To artificially inflate token prices for profit
- Defendants
- Benjamin Chow, Hayden Davis
- Tokens Involved
- $MELANIA, $M3M3, $LIBRA
- Alleged Scheme
- Pump-and-dump fraud
- Melania Trump's Role
- Image used to promote $MELANIA, not named in suit
- Peak Valuation of $MELANIA
- $1.6 billion
- Crash Percentage
- 95%