Solana treasury firm Solmate’s largest stakeholder sues board for self-dealing, fiduciary breaches

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Solana treasury firm Solmate's largest stakeholder is suing the board for self-dealing and fiduciary breaches, alleging that board members Ron Sade and Keren Maimon bought approximately 2.298 million SLMT shares at $4.97, diluting shareholders by about 20%. This move could potentially harm investor trust and Solmate's reputation, sparking broader concerns about governance and accountability in the crypto space.