Meteora is facing a class action lawsuit, accused of insider control of 95% of the supply during the M3M3 token issuance.

BlockBeats News, April 23rd, according to Cointelegraph, the Solana ecosystem decentralized exchange Meteora is facing a class-action lawsuit. The lawsuit alleges that through the M3M3 token issuance, investors suffered a $69 million loss, and 95% of the token supply was controlled by insiders. This case is similar to the previous scandal involving the same party's LIBRA token.