What really happens with Pumpfun? 💊 Official Pumpfun X account was already suspended As an official founder's account too... A lawsuit was filed against the project: It started with a complaint from an investor who lost $231 on the PNUT token But deeper investigation by lawyers uncovered much more serious allegations > Accusations against Pumpfun - Scammy schemes "Pump & Dump" - Lack of KYC & AML - Marketing targeting minors and vulnerable individuals - Permission to create tokens with racist, antisemitic, and violent names > 3 founders are backing Pumpfun • Noah Tweedale (CEO) • Alon Cohen (COO) • Dylan Kerler (CTO) PumpFun faces Lawsuit for Alleged “Fraud Ecosystem” and Securities Violations PumpFun is being accused of creating an “ecosystem of fraud” And misappropriating millions through hidden fees and commissions The lawsuit also claims the project violated the Howey Test, citing: - Investors had a clear expectation of profit - Token value relied heavily on project-driven marketing - Tokens had no real utility, ONLY speculation If the founders lose in court, they could face: - Massive financial penalties - Lifetime bans from financial markets - Potential prison time for securities fraud The estimated fine = $500M Detailed lawsuit was described by @PixOnChain: Recommend you to read why it happened P.S. he predicted that it would happen back in January, when everyone else was still euphoric, lol