Law firm warns Metaplex to change its approach to handling unclaimed SOLs
On April 22nd, according to Cointelegraph, the law firm Burwick Law sent an open letter to Solana NFT platform Metaplex, warning that its plan to transfer unclaimed SOL tokens to the DAO treasury could result in litigation. Currently, over 54,000 SOL tokens (valued at approximately $6.5 million) remain unclaimed. Burwick advised Metaplex to pause the plan, refunding 90% of the funds to NFT holders and keeping only 10% for network maintenance costs. Metaplex originally planned to automatically transfer excess SOL from unclaimed "optimized adjustment" NFT accounts to its DAO after the April 25th deadline. As of now, Metaplex has not responded to this warning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI Token Surges as Analysts Highlight Promising Patterns and Predictions
In Brief SUI token demonstrates strong performance with significant recent price increases. Technical patterns suggest potential bullish trends and buying opportunities. Analysts project ambitious targets, including a possible rise to $10 or more.
STX Token Surges as New Financial Opportunities Emerge in the Stacks Ecosystem
In Brief The STX token has surged by 56%, reaching a two-month high. BitGo introduced sBTC to enhance Bitcoin's usability in decentralized finance. Liquidity in the Stacks ecosystem is increasing, attracting more users and developers.
U.S. stocks opened, S&P 500 rose 0.1%
Uniswap Web App Adds LP Rewards Function
Trending news
MoreCrypto prices
More
