US Law Firm Plans To Sue Solana Meme Coin Launchpad Pump.fun For Investor Losses
New York-based law firm Burwick said it plans to sue Solana meme coin launchpad Pump.fun on behalf of investors who suffered losses engaging with the platform. It made the announcement in a Jan. 15 X post , and said it comes after “months of working alongside everyday people who have lost significant amounts of money to meme coins, rugs, and unfulfilled promises.” Pump.fun Allegedly Pocketed “Hundreds Of Millions” The law firm said that the Solana meme coin launchpad generated “hundred of millions” through fees while illegal acts such as racism, acts of self-harm, drug use, antisemitism and other antisocial acts took place on the platform . Pump.fun’s creator has “chosen to remain anonymous,” according to Burwick. This is even after the platform acknowledged the “importance of transparency in scaling and retail engagement,” the law firm added. Burwick continued by saying that Pump.fun has created a crypto ecosystem...