Law firm warns Metaplex's zeroing out of unclaimed fees could lead to long-term litigation

Odaily News Crypto law firm Burwick Law sent an open letter to Solana ecosystem NFT protocol Metaplex, urging it to reconsider its plan to transfer unclaimed SOL after NFT adjustments and optimizations into the DAO treasury, saying that such behavior may constitute unjust enrichment and may trigger long-term litigation.
Metaplex has announced that TM NFT holders can receive a small amount of SOL through the "resize" operation before April 25. If the operation is not carried out after the deadline, the unclaimed assets will be automatically transferred to the DAO treasury. Burwick said that the plan lacked transparent notification, and more than 54,000 SOLs are facing the risk of being cleared. Currently, only about 7,043 SOLs have been claimed, and the unclaimed part is worth more than 6.5 million US dollars.
Burwick suggested that Metaplex should immediately suspend the current plan, directly return 90% of the unclaimed SOL to NFT holders, and retain 10% for network maintenance to avoid lawsuits and maintain user trust. (Cointelegraph)