Meteora is facing a class-action lawsuit alleging that insiders controlled 95% of the supply in the M3M3 token offering
2025-04-23 09:47:00
According to Cointelegraph, Meteora, the Solana ecosystem decentralized trading platform, is facing a class action lawsuit alleging that it caused investors $69 million in losses through the M3M3 token offering and that insiders controlled 95% of the token supply. The case is similar to the previous LIBRA token scandal involving the same parties.
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