FWOG

2026-07-06 13:00:42

Pump.Fun Hit with Class Action Lawsuit Over Alleged $500M Securities Scam

Pump.Fun and its founders face a class action lawsuit for allegedly issuing unregistered meme coins, collecting nearly $500M in fees. The plaintiff claims the platform orchestrates a Ponzi-like scheme. Meanwhile, the SEC's new task force may shift crypto regulation under Trump.

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Pump.Fun Hit with Class Action Lawsuit Over Alleged $500M Securities Scam
2026-07-06 13:00:42

Pump.Fun Faces $500M Class Action Lawsuit Alleging Memecoin Securities Scam

Pump.Fun and its founders were hit with a class action lawsuit over alleged illegal issuance of unregistered memecoins, involving nearly $500 million in fees. The plaintiff claims all tokens on the platform are securities. The case emerges as SEC shifts under Trump, potentially reshaping crypto regulation.

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Pump.Fun Faces $500M Class Action Lawsuit Alleging Memecoin Securities Scam