U.S. Law Firm Alerts Metaplex to Legal Risks in 'Unjust Enrichment' Lawsuit

# Metaplex's Solana (SOL) Fund Redistribution Plan Triggers Legal Dispute Metaplex, a leading Solana (SOL)-based NFT platform, is facing backlash and legal threats over its plans to redistribute unclaimed SOL funds. Burwick Law, a firm specializing in digital assets, has warned that moving forward with this initiative could lead to legal repercussions. On April 22, 2025, Burwick Law sent an open letter to Metaplex and the Solana community, condemning the decision to allocate unclaimed SOL funds to a DAO treasury without reimbursing NFT holders. “Transferring funds without refunding NFT holders erodes trust in the investment ecosystem,” stated the firm, adding that the lack of communication regarding the transfer has breached investor confidence. # Legal Issues Surrounding Unclaimed SOL Funds The controversy centers around Metaplex’s intention to transfer 54,000 unclaimed SOL, valued at over $7.5 million (10.7 billion KRW) per Binance prices, into its DAO treasury. So far, only 7,043 SOL have been claimed, leaving a significant majority unaccounted for. These unclaimed funds are from a "storage optimization" project launched last year, which allowed Solana NFT holders to reduce on-chain storage and claim small SOL refunds. Metaplex had set an April 25, 2025, deadline for claiming these refunds, after which unclaimed funds would be moved to the DAO treasury. Metaplex has been active on social media, urging users to claim their excess SOL by the set deadline. "Resize and claim your excess SOL by April 25, 2025, in three simple steps. Don’t miss out!" the company tweeted. # Suggested Resolutions to Mitigate Legal Consequences Burwick Law believes the current approach to unclaimed SOL may breach consumer protection laws or result in unjust enrichment. The firm recommends pausing the current plan and proposes refunding 90% of the unclaimed SOL to NFT holders while allocating 10% for network upkeep. "This strategy protects users and supports DAO funding," Burwick Law explained. Metaplex has yet to officially respond to Burwick's open letter. In a blog FAQ, the company mentioned that the DAO treasury funds could be used for purposes like airdrop votes, grants for developers, and other initiatives. # Community and Legal Attention Intensifies With the April 25 deadline looming, Metaplex is under increasing scrutiny from users and legal professionals. This situation underscores the challenges at the intersection of decentralized finance, consumer rights, and platform accountability. Whether Metaplex will change its strategy remains to be seen as the Solana community closely monitors developments.