Solana NFT platform Metaplex faces legal warning over plan to seize unclaimed SOL
The post Solana NFT platform Metaplex faces legal warning over plan to seize unclaimed SOL appeared on BitcoinEthereumNews.com.
Metaplex, an NFT platform built on Solana, faces legal threats after it announced an attempt to sweep SOL tokens that have not been claimed into its DAO treasury. Burwick Law, a legal firm specializing in cryptocurrency issues, released an open letter on April 22 protesting the action and demanding that it be reversed before April 25. **An Open Letter to @metaplex and Solana Industry Leaders** The Metaplex SOL Sweep: Why User Rent Should Flow Back to the Community, Not a DAO Treasury On April 25, 2025, the Metaplex protocol plans to relocate about 54,000 SOL in “unclaimed resize rent” from user‑funded… — Burwick Law (@BurwickLaw) April 22, 2025 Recently, Metaplex launched a resize optimization for Token Metadata (TM) NFTs that allows the holders to get a small refund of SOL by April 25. The optimization arises from a technical change that shrinks the space the NFTs occupy in the Solana protocol. However, despite such adoption, over 54,000 SOLs worth more than $6.5M are believed to still be unclaimed, according to data found on Metaplex’s website. The protocol previously explained that the remaining SOL will be sent to the DAO treasury once the deadline is up, but the direction for its utilization is uncertain. These possibilities range from airdrops, grants, or other form of community contribution. However, this lack of user control has raised concerns within the public domain. “Unjust enrichment” claims could follow, lawyers say According to Burwick Law, Metaplex’s broad strategy is legally risky and might result in unjust enrichment and legal action under consumer protection laws. In an open letter published on April 22, the firm stated that many NFT holders were never properly informed of the resizing procedure or the risks of failing to meet the deadline. “Many minters never received clear notice that these lamports could be…
