With the recent FUD about exploits on @MagicEden_NFT, it looks like Solana needs a high-level overview of how the Update Authority in the Metaplex Token Metadata Program works.
🧵 A thread on why that "exploit" is not real.
A-list celebrities, lawyer up.
A class-action lawsuit will be targeting influencers who participated in an alleged pump and dump scheme.https://t.co/SErzjMSrM8