Changpeng Zhao has raised concerns over a potential account hack involving a trader known for supporting Binance. In a recent post, Zhao shared a screenshot highlighting unusual activity, noting that the account had suddenly begun promoting meme coins to its followers. “This account probably just got hacked. It suddenly started ...
The founder of the Solana-based token launchpad Pump.fun, known as Alon, has called for stricter regulations for platforms that facilitate token launches following the controversial LIBRA memecoin incident. On February 18, he expressed frustration over what he termed an “insider scam” after LIBRA briefly gained attention when endorsed by Argentine ...
Solana-based memecoin platform Pump.fun is facing a class-action lawsuit in a New York federal court, accusing it of issuing unregistered securities and generating nearly $500 million in fees. The lawsuit, filed on January 30 by Diego Aguilar, claims that Pump.fun’s operations caused substantial financial losses for retail investors. It describes ...
Pump.fun, a decentralized platform on the Solana blockchain, faces criticism from Max Burwick, founder of Burwick Law, who claims it exploits investors and represents a new form of multi-level marketing scam. He plans to file a lawsuit against the platform, highlighting substantial investor losses and unethical practices. The Promise of ...
Memecoins have attracted substantial interest because of their high-risk and high-reward nature. Dogecoin and Shiba Inu have established themselves as trendsetters. Now, Pump.Fun, is taking the trend to a new level on the Solana blockchain with a unique proposition to the table–allowing users to create and trade their own tokens ...
Solana-based memecoin platform Pump.fun is under fire following allegations of harmful and violent behaviour broadcasted through its live-stream feature. The platform, known for enabling users to promote their tokens within its community, faces calls to disable or heavily moderate the livestream feature. The controversy erupted on November 25 when Beau, ...
