Burwick Law Files Lawsuit Against Pump.fun for Rug Pulls and Failed Meme Coins

Pump.enjoyable is going through a lawsuit from Burwick Legislation, which acts on behalf of buyers who’ve misplaced “important quantities” on the platform. The legislation agency has invited Pump.enjoyable customers to submit an consumption kind and be part of the authorized battle.

Most Pump.enjoyable customers have misplaced cash on the platform, so this go well with particularly solicits buyers in failed meme cash, carpet pulls, or different doubtful initiatives.

A significant authorized problem for Pump.enjoyable

Pump.enjoyable, a number one Solana-based meme coin launchpad, will quickly be in courtroom with Burwick Legislation. The corporate asks customers who’ve misplaced cash on Pump.enjoyable to meme cash, rugs and unfulfilled guarantees.

Greater than 60% of Pump.enjoyable merchants have misplaced cash on the platform, so this lawsuit will give attention to particular legal acts and violations.

“In current months, Pump.enjoyable has collected tons of of thousands and thousands of {dollars} in charges whereas displaying unlawful drug use, self-harm, racism, anti-Semitism, lewd acts, bestiality, violent and different delinquent acts on the platform. Burwick Legislation is proud to face alongside the on a regular basis crypto fanatics pursuing duty and monetary justice in Web3,” the report stated.

Pump.enjoyable has been a highly regarded platform in some ways, with report excessive revenues in early 2025. Nevertheless, it has additionally confronted challenges. The platform sparked heated discussions a couple of months in the past about its position within the dilution of the crypto market.

Moreover, a ballot taken weeks earlier than the Burwick lawsuit confirmed that Solana’s founders overwhelmingly detest Pump.enjoyable. In different phrases: this market hype coexists with a obscure fame. Nevertheless, Burwick isn’t the primary entity to launch a significant authorized battle towards Pump.enjoyable.

In early December 2024, the platform closed its UK operations after strain and stern warnings from the FCA. Earlier than this ban, London police had been investigating an operator of Pump.enjoyable who claimed the platform was committing large fraud.

For probably the most half, Burwick Legislation is retaining his hand near his chest relating to the Pump.enjoyable go well with. The primary message talked extensively in regards to the guarantees of decentralized finance and the way scammers and unhealthy actors are tainting the panorama.

Burwick has not filed particular expenses, the damages it’s searching for or related particulars. These will solely come to gentle because the lawsuit progresses.