Solana NFT platform Metaplex faces lawsuit over unclaimed SOL

Burwick Law, a company based in New York, has raised legal concerns concerning the Metaplex plan to transfer more than 54,000 soil not claimed, worth around 7.3 million dollars, in its Dao treasury.

At the opening letter Shared on X on April 22, the company warned that the protocol approach could lead to legal action and damage user confidence in the Solana (GROUND) ecosystem. The soil at risk comes from a technical upgrade which has enabled the resumption of non -fascinable token metadata accounts, releasing a small rent paid in soil.

Users have until April 25, 2025 to manually recover these funds. After that, Metaplex said that the remaining tokens would be swept away in the Dao treasure. According to Burwick, many NFT holders were not properly informed that their unmarried funds could be moved.

The Cabinet maintains that such a decision risks violating consumer protection laws and undermines the basic principles of transparency in crypto. “The rent was paid so that the NFT can live in the chain, not to finance a future manna,” said the letter.

The total non -claimed soil value is estimated at more than $ 7 million at current prices. Burwick says that this type of action could be considered an unfair enrichment or a collection of unauthorized costs, similar to the cases where banks were forced to return the expense costs due to the lack of clear disclosure.

Instead of moving forward with full scanning, Burwick recommends stopping the process and issuing reimbursements directly to current NFT holders via an upgrade of the program. The DAO could still keep a small part, about 10%, to help cover the maintenance costs of the network.

The letter has not yet received a public response from Metaplex. The DAO had previously declared that the soil recovered could be used to finance air parachts, community subsidies or other projects that have been approved by governance.

Burwick Law is known to represent crypto investors in cases involving mismanagement of tokens and transparency failures. It is recently laid A collective recourse against the team behind the balanced token, alleging misleading practices and initiate crimes when it was launched.

The company has urged Metaplex and Solana developers to act quickly before the deadline for scanning to avoid extended legal battles and protect the confidence of users.