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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Law firm warns Metaplex about changes to unclaimed SOL handling policy
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.