Burwick Law, a US law firm focused on the cryptocurrency sector, said it is considering legal action on behalf of investors who have suffered losses due to pump.fun.
Burwick said the move comes after "months" of working with ordinary people who have lost "significant amounts of money" to unfulfilled promises on platforms such as Meme Coin, Rug Pull and pump.fun. The statement added: "Over the past few months, pump.fun has collected hundreds of millions of dollars in fees while the platform has been rife with illegal drug use, self-harm, racism, anti-Semitism, obscenity, violence and other antisocial behavior."