Burwick Law has initiated a lawsuit against Pump.fun, representing investors who claim to have lost money due to failed meme coins and alleged rug pulls on the platform. The law firm is encouraging affected users to join the case by filling out an intake form.
Pump.fun, a notable meme coin launchpad on the Solana blockchain, faces accusations of financial misconduct and not fulfilling promises. Reports suggest that over 60% of its traders experienced losses, leading to allegations of fraud and market dilution. The lawsuit seeks to hold Pump.fun accountable for these claims and any regulatory violations.
Burwick Law expressed concerns about Pump.fun’s operations, criticizing the platform for charging high fees while allowing harmful content and negative behavior to persist. The firm is dedicated to helping crypto enthusiasts find justice in the Web3 environment.
Pump.fun has been a controversial player in the crypto market. Although it began 2025 with impressive revenues, it has also been accused of causing market dilution. A recent poll indicated significant disapproval of Pump.fun among Solana’s founders, highlighting its divisive nature.
The platform has faced legal scrutiny before, including the cessation of UK operations in December 2024 after warnings from the FCA. Additionally, London police investigated fraud allegations linked to Pump.fun, further damaging its reputation. Despite these issues, the platform continues to maintain a large user base and generate hype.
Burwick Law has not yet revealed specific charges or the damages sought. However, the firm emphasized the importance of protecting decentralized finance from bad actors and restoring trust in the crypto space. This lawsuit will be a significant test for Pump.fun amid growing legal and public scrutiny, with investors closely monitoring its impact on the platform and the decentralized finance landscape.
