Meme Coin Takeover Teams Face Legal Entanglement, Experts Say
Much of 2024’s meme coin bull run has been pushed by community takeovers. Projects worth hundreds of millions of dollars—such as Billy and Gigachad—ended up controlled by early investors who took the reins after the original developer decided to jump ship, ultimately pushing them to new heights. Despite not creating the token in the first place, legal experts warn that members of community takeovers (CTOs) could face an array of serious legal issues. “One of the biggest dangers [for community ta...