Law firm warns Metaplex's zeroing out of unclaimed fees could lead to lengthy litigation
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Lawyer firm Burwick Law has sent an open letter to Solana ecosystem Non-Fungible Token protocol Metaplex, urging it to reconsider the plan to transfer unclaimed SOL to the DAO treasury after Non-Fungible Token adjustment optimization, stating that this action may constitute unjust enrichment and potentially trigger long-term litigation. Metaplex previously announced that TM Non-Fungible Token holders could claim a small amount of SOL through a "resize" operation before April 25, and assets not claimed would be automatically transferred to the DAO treasury. Burwick stated that the plan lacks transparency, with over 54,000 SOL facing potential zeroing, currently only about 7,043 have been claimed, and the unclaimed portion is worth more than $6.5 million. Burwick suggested that Metaplex should immediately suspend the current plan, directly return 90% of unclaimed SOL to Non-Fungible Token holders, and retain 10% for network maintenance to avoid litigation and maintain user trust. (Cointelegraph)
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