Law firm warns Metaplex about changes to unclaimed SOL handling policy

DailyNews

2025-04-22 05:24:16

SOL1.32%

On April 22, news reported by Cointelegraph states that the law firm Burwick Law has issued an open letter to the Solana NFT platform Metaplex, warning that its plan to transfer unclaimed SOL tokens into the DAO treasury could lead to litigation. Currently, over 54,000 SOL (worth approximately $6.5 million) remain unclaimed. Burwick has suggested that Metaplex suspend the plan and refund 90% of the funds to NFT holders, keeping only 10% for network maintenance costs. Metaplex originally planned to automatically transfer excess SOL from unadjusted NFT accounts into its DAO after the April 25 deadline. As of now, Metaplex has not responded to this warning.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

GateUser-793afdc4

· 2025-04-22 05:34

HODL Tight 💪

Reply0