The post Pump.fun shuts down live streaming indefinitely following heavy backlash appeared on BitcoinEthereumNews.com.

Pump.fun has slammed the brakes on its live streaming feature after a flood of horrific incidents turned the platform into a nightmare. Once hailed as an innovative tool for crypto creators to hype their meme coins, the livestream function quickly spiraled into chaos, with users exploiting it for violence, threats, and outright insanity. Crypto chaos unleashed Users desperate to inflate their coin values broadcasted shocking content that left the crypto community—and the internet at large—reeling. The company admitted its systems were overwhelmed. In a public notice, it said, “We’ve seen unprecedented growth, with daily livestreams increasing over 100 times in under a week.” Pump.fun claimed it was taking down “hundreds of streams daily” and had doubled its team of human moderators. But it wasn’t enough. The platform announced it would pause live streaming indefinitely until it could “ensure the absolute safety” of its users. As Cryptopolitan reported before, the meltdown began with a viral post on X by Beau Security. They shared a chilling example of a Pump.fun livestream where a user threatened to hang themselves unless their coin hit a specific market cap. The user’s desperation to pump their token sparked outrage online, with Beau Security calling out the platform directly: “Shut down the livestream feature. This is out of control.” That post cracked open Pandora’s box. Crypto sleuth ZachXBT joined the conversation, pointing out how careless some token creators are, saying, “It’s wild how the people creating these coins barely take any measures to mask their identity.” Screenshots and videos from Pump.fun streams began flooding social media, each more disturbing than the last. Gamification went horribly wrong The livestream feature wasn’t always a cesspool. Pump.fun launched it in May, pitching it as a revolutionary way for creators to connect with audiences. Token creators could go live, promote their…

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Filed under: News - @ November 25, 2024 9:26 pm