pump.fun has been sued again for allegedly violating U.S. securities laws

ChainCatcher news, according to the U.S. cryptocurrency law firm Burwick Law announced on the X platform, Burwick Law and @WolfPopperLLP have filed a second lawsuit on behalf of investors against the pump.fun platform, accusing it of violating U.S. securities laws by offering unregistered securities to investors.

Burwick Law stated, "The core function of pump.fun is to collaborate with influencers to jointly issue and market unregistered securities, and its operations inherently involve a new evolution of Ponzi schemes and pump-and-dump schemes."

Previous news, U.S. law firms plan to initiate legal action against Pump.fun, claiming it is involved in fraud.