500+ Investors Sue Pump.fun for $500M in Alleged Securities Fraud

Burwick Law is suing Pumpfun on behalf of over 500 investors, alleging it violated securities laws by offering unregistered tokens, leading to investor losses.

The lawsuit, filed in New York, claims Pump.fun generated over $500 million. Pump.fun's & founder's X account was previously suspended but is now active again.