Legal Storm Hits Pump.fun Over Alleged Pump-and-Dump Tactics – BitRss

Key Takeaways

• A lawsuit claims Pump.fun sold unregistered securities and made nearly $500 million in fees from memecoin launches;
• The filing alleges Pump.fun controlled token pricing, liquidity, and marketing, comparing it to a pump-and-dump scheme;
• The lawsuit seeks refunds for token buyers, financial damages, and legal cost reimbursement.