#PUMP#


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🔎 Pump.fun Lawsuit – Key Points (Short Summary):

Who filed the case?
U.S. law firms Burwick Law and Wolf Popper filed a class-action lawsuit.

Against whom?
The lawsuit targets Pump.fun, its founders, Solana Labs, Solana Foundation, and Jito Labs, among others.

Why?
Allegations include:

Illegal online gambling

Fraud (Pump-and-Dump schemes)

Violation of securities laws (RICO charges)

Use of bonding curves to exploit retail users

Token involved:

PNUT – The first meme coin mentioned in the lawsuit.

PUMP – Pump.fun’s official token, launched via ICO on July 12, 2025, with a 1 trillion supply.

When was the lawsuit filed?

Initial PNUT-related case: January 2025

Expanded RICO case: July 22–23, 2025
PUMP9.93%
WOLF4.19%
SOL-0.12%
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Coin999Lovervip
· 07-24 16:32
To protect your own funds and avoid risks, secure your assets and sell them!
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