Melania Trump memecoin team ‘weaponized fame to disarm diligence’ in sprawling crypto conspiracy, alleges court filing

Melania Trump’s memecoin was just one of 15 fraudulent tokens launched as part of an elaborate scheme to trick crypto investors. That’s according to a new court filing in a putative class action lawsuit, which accuses the defendants of obtaining the first lady’s endorsement of her cryptocurrency as part of a scheme that “weaponized fame to disarm diligence.” 

The legal filing, submitted on Tuesday, is the newest update in a case that dates back to May, when the firm Burwick Law filed...