Legal Battle Over Memecoins Intensifies
Law firms Burwick Law and Wolf Popper LLP have issued a cease-and-desist letter to Solana-based memecoin launchpad Pump.fun, demanding the removal of tokens that impersonate their firms. The lawyers claim Pump.fun has refused to act, allowing harmful tokens to remain on the platform.Pump.fun Accused of Enabling Intimidation Tactics
The law firms allege that Pump.fun collaborated with third parties to launch memecoins aimed at intimidating their clients and undermining ongoing legal action against the platform. In particular, they pointed to the controversial "Dogshit2" token, which has surged 1,000% in trade volume following the legal dispute.Pump.fun Faces Growing Legal Pressure
This latest demand follows a class-action lawsuit filed against Pump.fun on Jan. 30, accusing it of facilitating Ponzi-like token schemes that disproportionately targeted inexperienced investors. The platform remains under scrutiny as regulatory and legal challenges mount.
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