#BNBChainMeme The law firm Burwick Law has filed a class action lawsuit in the New York Supreme Court against Kelsier Ventures, KIP Protocol, and Meteora regarding the unfair launch of the LIBRA token, which harmed retail investors. The plaintiffs claim that 85% of the token's supply was withheld at launch, allowing insiders to profit while ordinary buyers incurred losses.

Source: X.com

What else is known? It is also claimed that to artificially inflate the price of LIBRA, the infrastructure platforms KIP and Meteora used a "predatory" unilateral liquidity pool, which allowed insiders to profit while ordinary buyers incurred losses.