Coin World News, according to Bloomberg Law, pump.fun is facing a class-action lawsuit, with plaintiffs accusing pump.fun of violating U.S. securities laws by marketing and issuing unregistered and highly volatile meme coins, exposing investors to significant financial risks and collecting nearly $500 million in fees.
The lawsuit has been filed in the United States District Court for the Southern District of New York and is the first to target all meme coins on the pump.fun platform. The plaintiff describes it as a "new evolution of Ponzi schemes and pump and dump."
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LittleStarLittleWish
· 01-31 04:03
I lost $800.
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Macdan
· 01-31 04:02
Is xrp5s legit coin?
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Bager72
· 01-31 03:51
Coin World News, according to Bloomberg Law, pump.fun is facing a class-action lawsuit, with plaintiffs accusing pump.fun of violating U.S.
Coin World News, according to Bloomberg Law, pump.fun is facing a class-action lawsuit, with plaintiffs accusing pump.fun of violating U.S. securities laws by marketing and issuing unregistered and highly volatile meme coins, exposing investors to significant financial risks and collecting nearly $500 million in fees.
The lawsuit has been filed in the United States District Court for the Southern District of New York and is the first to target all meme coins on the pump.fun platform. The plaintiff describes it as a "new evolution of Ponzi schemes and pump and dump."