Regulatory Pressure Mounts: Pump.fun Faces Second Lawsuit in 2025
In today's world, the Web3 industry is increasingly attracting the attention of law enforcement and regulatory authorities. Every year, the number of lawsuits related to blockchain projects, cryptocurrency platforms, and various innovative solutions in decentralized technology continues to grow. Another high-profile case has drawn the attention of both industry professionals and regular users. In today’s article, the Coinmooner team will discuss a new class-action lawsuit filed against one of the well-known platforms in the Solana ecosystem.
A class-action lawsuit has been filed in the U.S.District Court for the Southern District of New York against Pump.fun, a platform for launching memecoins on the Solanablockchain. Notably, this is the second lawsuit against the project since the beginning of 2025. The fact that another case has been initiated shows increasing regulatory attention to this platform and growing efforts to bring similar services under existing legal frameworks.
According to the new lawsuit filed by law firms Burwick Law and Wolf Popper LLP, Pump.fun is accused of violating U.S. securities laws. The plaintiffs claim that the platform sells unregistered securities disguised as simple memecoins. In their opinion, this approach helps the company bypass regulatory requirements and mislead investors about the true nature of the offered assets.
Regulators Tighten Grip: Lawsuit Against Pump.fun Raises Industry Concerns
The plaintiff, Diego Aguilar, states that he suffered financial losses after purchasing memecoins Fwog, Fred, and Griffan, which were heavily promoted by Pump.fun. According to him, the platform provides automated tools that allow anyone to create and sell digital assets without real value quickly. The lawsuit argues that this business model effectively makes Pump.fun a co-issuer of all tokens launched on the platform. As a result, the company, fully aware of its market influence, is responsible for creating and distributing these assets.
Several individuals and entities are named as defendants in the lawsuit. These include Baton Corporation Ltd (operating as Pump.fun) and its key executives: CEO Alon Cohen, CTO Dylan Kerler, and General Director Noah Twidale. This lawsuit follows another legalaction filed in the same court on January 16 by Burwick Law on behalf of Kendall Carnahan.
In light of these events, Coinmooner wants to remind everyone in the Web3 community about the importance of using advanced security measures to minimize the risks associated with fraudulent schemes. In a rapidly evolving crypto market, it is crucial to stay vigilant, carefully analyze projects before investing, and monitor the legal aspects of digital platforms. Web3 promises a decentralized future, but security and awareness remain key factors for successful participation in this new technological reality.
