Pump.fun Accused of Running ‘Unlicensed Casino' in $5.5B Class Action Lawsuit

  • A Pump.fun class action lawsuit has alleged that the Baton Corporation founders, Solana Labs, Solana Foundation, and Jito Labs have run a racketeering scheme, branding risky token launches as ‘fair', taking $722 m while retail traders have lost up to $5.5 bn, and minors have traded without verification.