Legal Battle Heats Up: Pumpfun Under Fire for Allegedly Mimicry Issuing Tokens

Pumpfun Under Fire: Legal Battle Escalates as the Platform Faces Cease-and-Desist from U.S. Law Firms

Pump.fun, a platform for creating Solana meme coins, has received a cease-and-desist letter about tokens that purportedly use the name and logo of two law firms that are suing the company. US law firm Burwick Law released a statement on February 5th. The firm said that he and Wolf Popper sent a cease-and-desist letter to Pump.fun. The letter demands the immediate removal of Dog Shit Going NoWhere (DOGSHIT2) and other tokens that impersonate companies through the unlicensed use of intellectual property, including logos and names.

Max Burwick, managing partner at Burwick Law, stated that Pump.fun had issued more than 200 tokens since the class action was filed last week, violating their and their co-counsels intellectual property. In the current legal battle against PumpFun, tokens bearing the names and likenesses of Burwick Law staff members and one of its clients are also present.

Burwick Law confirmed that PumpFun has the technical capability to remove these tokens and has chosen not to act, despite the clear financial and legal risks posed to the public. These efforts include the creation of memecoins that impersonate our plaintiffs. These acts represent the use of blockchain technologies as a tool for disrupting justice and due process.

the law firm

Pump.fun Allegedly Duped Retail Investors with Hype Tactics

On January 30, Burwick Law and Wolf Popper filed a proposed class-action lawsuit on behalf of investors, claiming that each token they assisted in creating was an unregistered security from which they received fees totaling about $500 million. The case filed by Diego Aguilar in a federal court in New York alleges that retail investors were duped by Pump.fun, which is purportedly run by Baton Corporation, a company based in the UK.

According to reports, the platform created a false feeling of urgency around extremely volatile tokens using guerilla marketing techniques, which resulted in large financial losses. A revocation of all token purchases, monetary reparations for impacted investors, and legal fees are among the remedies sought in the case, which alleges violations of the Securities Act.

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