- Burwick Law plans legal action against Pump.fun over alleged dubious promotions.
- Pump.fun dominates memecoin launches on Solana, generating $398M amid growing legal scrutiny.
A prominent New York-based law firm, Burwick Law, has announced its intention to pursue legal action against Pump.fun, a Solana [SOL ($5,204.79)]-based memecoin launchpad, on behalf of aggrieved investors.
The platform has come under scrutiny for allegedly engaging in months of dubious promotional practices.
Burwick Law’s latest legal move
Known for its recent federal lawsuit against the creators of the ill-fated Hawk Tuah memecoin, Burwick Law revealed its latest move via a post on X (formerly Twitter).
The law firm alleged,
“In the past few months, pumpdotfun has collected hundreds of millions of dollars in fees while illicit drug use, self-harm, racism, antisemitism, lewd acts, bestiality, violent and other antisocial acts were displayed on the platform.”
What’s more
Meanwhile, accord…
