The legal problem is to catch up with pump.fun. Is this Mome Coin Casino finally getting worse because the two lawsuits are moving and fraudulent claims are flying?
PUMP.Fun is a famous platform for launching Memcoin with Solana (SOL) blockchain, facing the second class action lawsuit in the first few days.
Legal Battle, led by Burwick Law and Wolf Popper LLP, claims that this platform is violating the US Securities Law by selling unregistered securities disguised as a Meme token.
1月30日にニューヨーク州南部地区で提起された最新の訴訟は、Baton Corporation Ltd（Pump.Funとして営業）を含む複数の被告人と、Alon Cohen、Dylan Kerler、およびNoah Bernhard Hugo Tweedaleを含む複数I am nominating the defendant.
According to a court application, plaintiffs of Diego Aguilal have claimed that they have purchased some tokens on platforms, such as FWOG (FWOG) tokens and glyphein (glyph) tokens, and then have suffered economic losses.
These tokens are aggressively sold in promises of Mome Culture and Index -functional returns, and are said to have caused significant losses despite the high evaluation.
The lawsuit was targeted for the sale of peanut squirrels (PNUT) tokens following the previous lawsuit submitted by Burwick Law on January 16th by Kendall Carnahan.
The complaint claims that PUMP.fun is operated by co -issuing and operating unregistered securities in the market in cooperation with influencers. Litigation also represents the evolved pongey and pump and dump skirts, and claims that it has extracted nearly $ 5 billion of investors.
The Burwick Law legal campaign for pump.fun is not surprising. On January 15, the company's founder and partner, Max Barwick, publicly criticized publicly criticized platforms like PUMP.FUN, “Multi -level that gains human despair and digital attention. It is called the ultimate evolution of marketing fraud.
On the same day, his company stood on an investor who lost money to Memcoin via Ragpur, stating that he would be misleading to move forward, and set up a dedicated website to support the clients who will be affected later. I raised it.
Beyond legal troubles, PUMP.FUN also faces a controversy on its platform function. In November 2024, we introduced a live stream function to enhance user engagement.
However, it was immediately reported that the user would misuse functions and would broadcast explicit content, including violent materials and graphic images involving minors and animals. The backlash has forced PUMP…fun to shut down its features, following a wide range of accusations from the Crypto community.
Despite the issues of legal and reputation, pump.fun continues to produce large -scale profits. As of January 31, DUNE Analytics data shows that the platform is about $ 500 million and has earned about $ 47 million in the past week.
