Pump.fun Faces Heated Legal Battle Amid Crypto Controversy
The crypto platform Pump.fun is in the midst of a legal storm, with its parent company, Baton Corporation, gearing up for a major fight. the firm has brought in top-notch lawyers,including crypto litigation experts from the prestigious Brown Rudnick. Among them is Daniel L. Sachs, a former SEC investigator. This move strengthens Pump.fun’s defense as it battles Burwick Law, a New York-based firm.
Burwick Law initially filed a class action lawsuit against Pump.fun in January, accusing it of violating U.S. securities laws. The platform is said to artificially inflate token prices, leading to investor losses. Burwick’s CEO also alleged that Pump.fun tried to intimidate the legal process. The lawsuit now has over 500 participants.
The suspension of Pump.fun and its co-founder Alon Cohen’s X accounts has renewed legal pressure.This led Burwick to speculate that the move might relate to the platform’s services. Though,Pump.fun isn’t alone. Burwick is also targeting other similar platforms.
For those who lost money on pumpdotfun memecoins, you may be entitled to compensation.
- B法治fun faces a major legal challenge from Burwick Law.
- Legal action includes allegations of securities law violations.
- Batton Corporation seeks top lawyers for defense.
