EddieJayonCrypto

 16 Jan 25

tl;dr

Pump.fun is facing a lawsuit from Burwick Law, representing investors who lost significant amounts on the platform. The law firm is inviting Pump.fun users to join the legal battle, specifically targeting investors in failed meme coins, rug pulls, and dubious projects. More than 60% of Pump.fun trad...

Pump.fun Faces Lawsuit from Burwick Law

Pump.fun is facing a lawsuit from Burwick Law, representing investors who lost significant amounts on the platform. The law firm is inviting Pump.fun users to join the legal battle, specifically targeting investors in failed meme coins, rug pulls, and dubious projects.

More than 60% of Pump.fun traders have lost money, and the lawsuit focuses on criminal acts and violations, including illicit activities displayed on the platform. Pump.fun has faced challenges and controversies, including scrutiny from Solana's founders and regulatory pressure leading to the platform ending its UK operations.

Burwick Law's specific charges and damages will emerge as the suit proceeds. The law firm has invited Pump.fun users to file an intake form and join the legal battle, emphasizing the pursuit of financial justice in Web3.

Pump.fun, a leading Solana-based meme coin launchpad, will soon face a court battle with Burwick Law. The firm is soliciting users who lost money on Pump.fun to join the legal action, focusing on failed meme coins, rug pulls, and unfulfilled promises. “In the past few months, Pump.fun has collected hundreds of millions of dollars in fees while illicit activities were displayed on the platform,” stated Burwick Law.

The lawsuit highlights the platform's sketchy reputation despite its popularity, with previous controversies and regulatory pressure leading to the termination of its UK operations. Burwick Law is keeping specific charges and damages under wraps, to be revealed as the suit progresses.

Before this ban took place, London police investigated a Pump.fun exploiter who claimed the platform was committing massive fraud. Burwick Law's initial message extensively discussed the promises of decentralized finance and the need for accountability in Web3, signaling a major legal challenge for Pump.fun.

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 17 Jan 25
 17 Jan 25
 17 Jan 25