Pump.fun to Face Legal Action From Law Firm

A leading US law firm specializing in cryptocurrency has announced it will be taking legal action on behalf of investors who suffered losses during the launch of the Solana memecoin on the Pump.fun platform.

In a statement released on January 15, Burwick Law revealed its plans to pursue legal action on behalf of investors who purchased pumpdotfun memecoins.

According to the firm, this decision was made after months of working with individuals who lost significant amounts of money to memecoins, rug pulls, and unfulfilled promises on platforms like Pump.fun.

Burwick Law criticized Pump.fun for its actions, stating that the platform had collected hundreds of millions of dollars in fees while allowing illicit activities such as drug use, self-harm, racism, and other antisocial behaviors to take place.

The firm also called out the creators of Pump.fun, who remain anonymous, as well as other individuals and corporations involved in memecoins and scams that prey on unsuspecting investors with false promises.