5 hours ago
Burwick Law projected a people enactment suit successful January alleging Pump.Fun was engaged successful violating securities laws
Feb 6, 2025, 8:37 a.m. UTC
Two instrumentality firms that are progressive successful a projected a people enactment suit against Pump.fun accidental they are present victims of tokens that are impersonating the firm's likeness, and are demanding successful a cease and desist missive that the memecoin mill instantly region them.
At the halfway of the contention is simply a token called 'DOGSHIT2' a Solana-based memecoin that's up astir 200%, according to CoinGecko data.
It mightiness beryllium confusing to those not terminally online wherefore a instrumentality steadfast would assertion a canine excrement-themed token would interruption its intelligence property, but references to the token being tied to 1 of the firm's wallets were recovered successful exhibits initially filed by Burwick against Pump.fun which sought to show however casual it was to motorboat tokens connected the platform.
"Our firms person nary affiliation, endorsement, oregon ownership involvement successful the Dogshit2 token oregon immoderate related assets," Burwick Law wrote successful a station connected X. "Simply put, our firms person not launched immoderate memecoins onchain."
Burwick Law besides wrote connected X that PumpFun launched tokens that it claims were designed to "intimidate our clients and interfere with ongoing litigation."
"These efforts see the instauration of memecoins that impersonate our plaintiffs. These acts correspond the usage of blockchain technologies arsenic a instrumentality for disrupting justness and owed process," Burwick Law wrote.
Burwick Law previously represented investors successful a suit against the creators of Hawk Tuah ($HAWK), alleging they exploited Hailey Welch’s net fame to beforehand an unregistered security.
Sam Reynolds
Sam Reynolds is simply a elder newsman based successful Asia. Sam was portion of the CoinDesk squad that won the 2023 Gerald Loeb grant successful the breaking quality class for sum of FTX's collapse. Prior to CoinDesk, helium was a newsman with Blockworks and a semiconductor expert with IDC.
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