The post Pump.fun Suspends Live Streaming After Reports of Abusive Content appeared on BitcoinEthereumNews.com.

Solana’s blockchain ecosystem has made headlines recently with a mix of groundbreaking milestones and pressing challenges. On one hand, the platform’s native token, SOL, surged over 60% this month, fueled by record-breaking decentralized exchange (DEX) volumes and renewed investor enthusiasm following the US presidential election results. At the same time, the meme coin-focused platform Pump.fun, a key player in Solana’s rise, has indefinitely suspended its live-streaming feature due to concerns over abusive content. Solana-Based Pump.fun Halts Live Streaming Amid Reports of Abusive Content The Solana-based meme coin platform Pump.fun announced on Monday that it has indefinitely suspended its live-streaming feature. The decision comes in the wake of alarming reports of abusive content being shared via the platform, including incidents involving child abuse, bestiality, and suicidal threats. The live-streaming functionality, introduced earlier this year, was initially designed to help users promote their meme coins, a core feature of the Pump.fun ecosystem. However, the misuse of the feature by some individuals for “heinous” purposes has forced the platform to act swiftly to protect its community. In a community notice issued on Monday, Pump.fun’s team emphasized their commitment to user safety, explaining the rationale behind their decision: “To ensure the absolute safety of our users, we will be pausing the live streaming functionality on the site for an indefinite time period until the moderation infrastructure is ready to deal with the heightened levels of activity,” the team stated. “Moving forward, we will be significantly more transparent about rules and regulations of using the site by publishing guidelines. We will also provide creators and users greater visibility into individual moderation decisions to ensure everyone understands the process and outcomes.” The platform also pledged to prioritize the development of a robust moderation system capable of handling the complexities of live-streamed content, alongside a renewed focus…

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Filed under: News - @ November 26, 2024 9:17 am