Class Action Filed Against Solana (blockchain and token host)
A class action lawsuit was filed against Solana, its CEO, and others, alleging defendants participated in the unregistered offer and sale of securities in violation of Sections 5, 12(a)(1), and 15 of the Federal Securities Act and California Corporations Code Section 25110 and 25503. Solana is a blockchain platform with smart contract functionality. Its native cryptocurrency is SOL. See and read the pleading here.