PANews reported on January 31 that according to Bloomberglaw, pump.fun is facing a class action lawsuit, accused of violating US securities laws, exposing investors to huge financial risks by marketing and issuing unregistered and highly volatile Meme coins, and collecting nearly $500 million in fees. It is reported that the lawsuit has been filed in the United States District Court for the Southern District of New York, and the plaintiff described it as "a new evolution of Ponzi schemes and pump and dumps."
pump.fun hit with class action lawsuit, accused of violating US securities laws
- 2025-02-24
From the original intention to reflection, Argentine President Milei talks about the Libra token controversy
- 2025-02-24
OSL Trading Moments: The market predicts that BTC may fall to $77,000 before returning to a bull market, and altcoins are expected to rebound
- 2025-02-24
The "Russia-Ukraine War" is coming to an end, inflation expectations data suddenly appeared, and BTC fluctuated in a narrow range (02.17~02.23)
- 2025-02-24
Georgia proposes second Bitcoin reserve bill
- 2025-02-24
Crypto mining equipment manufacturer Bgin Blockchain files for IPO in the United States, expects to raise $50 million
- 2025-02-24
Arbitrum DAO proposes to deploy 7,500 ETH to non-native projects Lido, Aave, and Fluid, sparking controversy