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A new lawsuit alleges that Pump.fun and its Solana partners operated an unlicensed digital casino, extracting billions through deceptive memecoin schemes. The complaint, filed in New York, compares the platform to a ‘front-facing slot machine cabinet.’ Key defendants include pseudonymous developer Bernie and major Solana entities.
- Lawsuit claims Pump.fun extracted $5.5B via deceptive memecoin schemes resembling an unlicensed casino.
- Defendants include Solana Labs, Jito Labs, and pseudonymous developer 'Bernie.'
- Complaint alleges lack of investor safeguards, relying on hype and volatility.
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Related Tags: Solana
Other Tags: Digital Assets, Jito Labs, Pump.Fun