Meteora faces class-action lawsuit over allegations that insiders controlled 95% of supply in M3M3 token offering
according to Cointelegraph, the Solana ecosystem decentralized trading platform Meteora is facing a collective lawsuit, accusing it of causing investors a loss of $69 million through the issuance of the M3M3 token, with 95% of the token supply controlled by internal personnel. This case is similar to the previous scandal involving the same party's LIBRA token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin-Backed Whales Risk Major Losses: Understanding the Potential Fallout
Exploring the Potential Risks and Rewards as BTC 'Whales' Bet Big with High Leverage
SEC Advances 2025 Safe Harbor for Crypto Assets
Senators Lead U.S. Stablecoin Regulation Effort
El Salvador’s Bitcoin Portfolio Reaches $644M Amid Gains
Trending news
MoreCrypto prices
More
