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