Summary
- Meteora reportedly provided misleading information to investors regarding the value of the M3M3 token.
- Investors have filed a class action lawsuit alleging that Meteora manipulated the market price of M3M3.
- The class action lawsuit is related to Meteora's actions during the launch of the M3M3 token last December.
On the 21st (local time), according to the cryptocurrency-focused media outlet Cointelegraph, the Solana (SOL)-based decentralized exchange Meteora has been embroiled in a class action lawsuit by investors over allegations of fraud related to the M3M3 token.
According to the media, investors claim that Meteora provided misleading information regarding the token's value at the time of the M3M3 launch last December, and manipulated the market price through this.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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