Meteora faces class action lawsuit, accused of insider control over 95% of supply in M3M3 token issuance

BlockBeats news, on April 23rd, according to Cointelegraph, Solana's decentralized trading platform Meteora is facing a class action lawsuit, accusing it of causing $69 million in losses to investors through the M3M3 token issuance, and internal personnel controlling 95% of the token supply. This case is similar to the previous LIBRA token scandal involving the same party.