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Investors File Lawsuit Against Solana Labs Alleging SOL Is ‘Highly Centralized’ Unregistered Security

Investors File Lawsuit Against Solana Labs Alleging SOL Is ‘Highly Centralized’ Unregistered Security

A class-action lawsuit has been filed against layer-1 blockchain Solana (SOL) on the grounds that the smart contract platform is not as decentralized as advertised. In a court filing dated July 1st, Solana investor Mark Young alleges SOL cannot fit the definition of “decentralized” when nearly half of its supply is in possession of people […]

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