TechFlow news, on February 1, U.S. cryptocurrency law firm Burwick Law announced on the X platform that Burwick Law and @WolfPopperLLP have filed a second lawsuit against the pump.fun platform on behalf of investors, accusing it of violating U.S. securities laws by offering unregistered securities to investors. Burwick Law stated, "The core functionality of pump.fun involves collaborating with influencers to jointly issue and market unregistered securities, inherently embodying a new evolution of Ponzi schemes and pump-and-dump schemes."
Previous report, a U.S. law firm planned legal action against Pump.fun, alleging fraud.
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