The law firm Burwick stated that it plans to take legal action against Pump.fun on behalf of the losing investors
ChainCatcher news, the Burwick Law firm based in New York has revealed its plan to take legal action on behalf of investors against the Solana-based meme coin issuance platform Pump.fun, citing that users of the platform have been engaging in suspicious sell-off activities for months.The law firm alleges that over the past few months, pumpdotfun has collected hundreds of millions of dollars while the platform has displayed illegal drug use, self-harm, racism, anti-Semitism, obscenity, and other antisocial behaviors. The firm is calling for individuals affected by Pump.fun's actions to come forward to participate in a potential legal lawsuit for compensation.Burwick Law stated that this announcement comes after months of collaboration with several individual investors who have lost significant amounts of money due to investments in meme coins, rug pulls, and unfulfilled promises and are seeking remedies.Currently, the community views this statement as merely a "lawyer business advertisement," and whether an appeal will ultimately be made remains uncertain.