The law firm Burwick has filed a lawsuit against the memecoin platform Pump.fun on behalf of investors who lost money on the service. The platform, which earned hundreds of millions of dollars in commissions, has been criticized for spreading illegal content, including violence and racism, as well as for the anonymity of its creator. In response to the allegations, Pump.fun suspended its streaming. By the end of November, its revenues fell by 66 percent, and in December, the British regulator blocked access to the platform.
1/17/2025 12:32:44 PM (GMT+1)
The law firm Burwick has filed a lawsuit against the Pump.fun platform for investor losses and the spread of illegal content, including violence and racism, after a sharp 66 percent drop in revenue ⚖️
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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