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
Bitget PoolX is listing Concrete (CT) : Lock BTC to get 1,111,111 CT airdrop
CandyBomb x CT: Trade to share 560,000 CT
[Initial listing] Bitget to list Concrete (CT)
Bitget to delay the delisting of FHE, DRIFT, RVV，DOG from spot trading
Crypto prices
More
