Meteora faces class-action lawsuit over allegations that insiders controlled 95% of supply in M3M3 token offering

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MarsBit
04-23
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Mars Finance News: On April 23, according to Cointelegraph, Solana ecosystem decentralized trading platform Meteora is facing a class-action lawsuit. The lawsuit alleges that through the M3M3 token issuance, investors suffered losses of $69 million, and insiders controlled 95% of the token supply. This case is similar to the previous LIBRA token scandal involving the same parties.

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