Solana Labs Accused of Selling Unregistered Securities in New Lawsuit

07/09 23:29

According to Cryptopotato, Solana Labs and key players in the Solana ecosystem were hit with a lawsuit on July 1 in California federal court. The lawsuit accused Solana Labs, the Solana Foundation, Anatoly Yakovenko, prominent crypto venture capital firm Multicoin Capital Management, and its CEO Kyle Samani, as well as trading platform FalconX of making illegal profits from what it claims to be an unregistered security. The plaintiff has accused Anatoly Yakovenko, the CEO of Solana Labs, of making deliberately misleading statements concerning the total circulating supply of the token.
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