Solana DEX Meteora Faces $69M Lawsuit

Posted: 2025-04-23 10:34:07 UTC

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#Solana

#Lawsuit

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#DeFi

#CryptoScandal

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2025-04-23 10:34:43 UTC

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Solana DEX Meteora is facing a class-action lawsuit alleging $69M in losses from the $M3M3 token launch, with accusations of insider control.

Class-action lawsuit against Solana DEX Meteora

$69M in losses from $M3M3 token launch

Allegations of insider control with 95% of the supply

Similarities to a prior $LIBRA scandal

Losses incurred from the $M3M3 token launch

Allegations of insider control and market manipulation

Legal challenges and potential repercussions for Meteora

Reputational damage and loss of user trust