Burwick Law Sues Pump.fun
Pump.fun is facing a lawsuit from Burwick Law, a law firm representing investors who lost “significant amounts of money” on the platform. The law firm has invited Pump.fun users to submit a form and join the legal fight.
Most Pump.fun users lost money on the platform, so the lawsuit specifically solicits investors for failed meme coins, carpet pulls, or other questionable projects.
Major legal challenges facing Pump.fun
Pump.fun, a The Leading Solana-Based Meme Coin Launchpadwill soon face court action with Burwick Law. The company is recruiting meme coins, rugs and unfulfilled promises from users who lost money on Pump.fun.
More than 60% of Pump.fun traders Money was lost on the platform, so this lawsuit will focus on specific crimes and violations.
“Over the past few months, Pump.fun has collected hundreds of millions of dollars in fees while illegal drug use, self-harm, racism, anti-Semitism, obscenity, bestiality, violence and other anti-social behavior have occurred on the platform . Burwick Law is proud to work with everyday cryptocurrency enthusiasts in the pursuit of accountability and financial justice in Web3.” claim.
Pump music Already a very popular platform In many ways, 2025 begins with record revenue. However, it also faces challenges. A few months ago, the platform sparked a heated debate over its role in the dilution of the cryptocurrency market.
Additionally, a poll taken weeks before Burwick’s lawsuit showed that Solana’s founder Extremely disgusted with Pump.fun. In other words, this market hype goes hand in hand with a sketchy reputation. However, Burwick is not the first entity to launch a major legal action against Pump.fun.
In early December 2024, the platform winds down its UK operations After receiving pressure and stern warnings from the FCA. Before the ban was implemented, London police Pump.fun exploiter investigated Who claims that the platform is conducting a massive fraud.
For the most part, Burwick Law is cautious about the Pump.fun package. Its initial message extensively discussed the promise of decentralized finance and how scammers and bad actors had tainted the environment.
Berwick gave no specific charges, damages being sought or similar details. These will only surface as the proceedings proceed.
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