The post Crypto Law Firm Pursues Legal Action Against Solana’s Pump.fun for Meme Coin Investors appeared on BitcoinEthereumNews.com.

Burwick Law, a law firm specializing in digital consumer protection, has initiated legal action on behalf of investors who suffered losses linked to Pump.fun meme coins. The law firm invited affected individuals to complete a no-cost, no-obligation intake form seeking financial accountability for victims of alleged misconduct. **LEGAL ACTION ALERT: PUMPDOTFUN** Burwick Law is pursuing legal action on behalf of investors in pumpdotfun memecoins. If you lost money on any pumpdotfun memecoins, you may be entitled to compensation. Read more below. — Burwick Law (@BurwickLaw) January 15, 2025 Allegations Against Pump.fun  Per Burwick Law, in recent months, Pump.fun, a Solana platform, generated hundreds of millions of dollars in fees while hosting content that included illicit drug use, racism, anti-semitism, and other inappropriate material. Burwick Law highlighted concerns regarding the platform’s anonymous creator, emphasizing the lack of transparency and accountability. According to the firm, this anonymity undermines the trust necessary for scaling and engaging with retail participants. The firm’s ongoing efforts are part of a broader initiative to address issues within the crypto space, which it claims has been overshadowed by scams and speculative assets. Burwick Law also emphasized that this trend undermines projects with potential societal impact, diverting the ecosystem’s focus away from crypto’s foundational promise of democratized finance. UK FCA Warning on Pump.fun Notably, a December 2024 report from the UK Financial Conduct Authority (FCA) issued a public warning against Pump.fun. It flagged concerns that the platform might be offering financial services without proper authorization. Accordingly, the FCA advised residents to avoid engaging with Pump.fun as users would not be protected by UK financial laws. In response, Pump.fun restricted access to its platform for users with UK IP addresses. While the platform did not officially confirm this move, multiple sources verified that UK-based users were unable to access its services.…

---

Filed under: News - @ January 16, 2025 4:29 pm