“New York-based law firm Burwick Law has announced that it is preparing a lawsuit against Pump.fun on behalf of memecoin investors who have lost “significant sums.” **LEGAL ACTION ALERT: PUMPDOTFUN** Burwick Law is pursuing legal action on behalf of investors in pumpdotfun memecoins. If you lose money on any pumpdotfun memecoins, you may be entitled to compensation. Read more below. — Burwick […]”, — write: businessua.com.ua
New York-based law firm Burwick Law has announced that it is preparing a lawsuit against Pump.fun on behalf of memecoin investors who have lost “significant sums.”
**LEGAL ACTION ALERT: PUMPDOTFUN**
Burwick Law is pursuing legal action on behalf of investors in pumpdotfun memecoins. If you lose money on any pumpdotfun memecoins, you may be entitled to compensation.
Read more below.
— Burwick Law (@BurwickLaw) January 15, 2025
The company said that the founders of the platform have collected “hundreds of millions of dollars” in commissions in recent months, while remaining anonymous. At the same time, anti-social content was displayed on the platform, rug pull schemes, fraud and deception flourished.
Lawyers noted that cryptocurrencies attract users with “fundamental promises”: democratization of finance, transformation of traditional systems and expansion of rights and opportunities for every person.
“However, today’s crypto landscape is dominated by scams and speculative assets like memecoins, which primarily benefit small pools of insiders and corrupt corporations,” they emphasized.
The firm invited aggrieved investors to join the lawsuit and report their claims. At the same time, Burwick Law warned that the outcome of the trial is not guaranteed.
According to the dashboard on Dune, about 6.1 million tokens have been launched on Pump.fun. The total volume of platform fees approached 2.3 million.
Source: Dune.
We will remind, in November, the developers of Pump.fun turned off the streaming function due to community criticism of the displayed content. The site’s daily income fell by about a third.
The source