Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Is Binance founder CZ really getting out of prison today?

    August 17, 2025

    Thailand wields crypto conversion to strengthen tourism

    August 17, 2025

    SchellingCoin: A Minimal-Trust Universal Data Feed

    August 17, 2025
    Facebook X (Twitter) Instagram
    Block Buzz News
    • Bitcoin
    • Coinbase
      • Litecoin
      • Altcoins
    • Blockchain
    • Crypto
    • Ethereum
    • Lithosphere News Releases
    Facebook X (Twitter) Instagram YouTube
    Block Buzz News
    Home » Pump.fun’s $4b token launch postponed again amid legal woes
    Crypto

    Pump.fun’s $4b token launch postponed again amid legal woes

    James WilsonBy James WilsonJune 20, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Memecoin launchpad Pump.fun has once again postponed its token auction, amid legal troubles and a social media ban.

    Solana-based (SOL) memecoin launchpad is once again facing issues. On Friday, reports emerged that Pump.fun would postpone its public token sale yet again. Originally scheduled for June 25, the platform had planned to raise $1 billion at a $4 billion valuation.

    According to crypto news reporter Colin Wu, the team now expects the auction to take place in mid-July. The team stated that planning for the token launch began in 2024 but noted that the launch has already been postponed several times. Pump.fun did not clarify why the latest suspension occurred, but it coincides with mounting legal troubles in several jurisdictions.

    Pump.fun’s legal troubles

    Pump.fun is facing legal issues in multiple jurisdictions, including a notable class action lawsuit. On Jan. 15, Burwick Law served the platform with a class action suit, accusing it of violating securities laws and engaging in market manipulation.

    The lawsuit claims Pump.fun artificially inflated token prices for its own benefit, with the alleged manipulation resulting in significant investor losses. Max Burwick, founder of the law firm, described the project as “the ultimate evolution of multi-level marketing scams,” preying on desperate individuals.

    In February, Burwick Law and Wolf Popper LLP also issued a cease and desist letter over alleged IP violations. Specifically, user-generated memecoins on Pump.fun frequently use logos and names that may infringe on the intellectual property of private individuals or corporations.

    The legal situation has put the community on high alert. On June 16, X suspended the accounts of both Pump.fun and its founder, before reinstating them a few days later. While neither X nor Pump.fun provided an explanation, the incident was not isolated, several other crypto platforms also had their accounts temporarily suspended. Still, it remains unclear whether the Pump.fun ban was directly related to its ongoing legal troubles.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    James Wilson

    Related Posts

    Thailand wields crypto conversion to strengthen tourism

    August 17, 2025

    Gemini IPO, Do Kwon guilty, OKX burns tokens

    August 17, 2025

    A global input requires transparency

    August 17, 2025

    $59m flows out as ETH pulls back

    August 17, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Top 5 Reasons to Get Certified in Blockchain, AI, or Fintech Today

    June 18, 2025

    Top 5 Reasons to Get Certified in Blockchain, AI, or Fintech Today

    June 18, 2025

    Your New & Improved Rewards Center Awaits 🎉

    June 19, 2025

    Hyperliquid price outlook amid Eyenovia’s $50M HYPE treasury strategy

    June 19, 2025
    Don't Miss
    Coinbase

    Is Binance founder CZ really getting out of prison today?

    By John SmithAugust 17, 2025

    Disgraced Binance CEO Changpeng Zhao might be released from prison two days early due to…

    Thailand wields crypto conversion to strengthen tourism

    August 17, 2025

    SchellingCoin: A Minimal-Trust Universal Data Feed

    August 17, 2025

    Judge rules crypto protocols can be money transmitters without control

    August 17, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us

    BlockBuzzNews: Your daily dose of the latest in cryptocurrency trends, insights, and updates!

    Our Picks

    Is Binance founder CZ really getting out of prison today?

    August 17, 2025

    Thailand wields crypto conversion to strengthen tourism

    August 17, 2025

    SchellingCoin: A Minimal-Trust Universal Data Feed

    August 17, 2025
    Most Popular

    Top 5 Reasons to Get Certified in Blockchain, AI, or Fintech Today

    June 18, 2025

    Top 5 Reasons to Get Certified in Blockchain, AI, or Fintech Today

    June 18, 2025

    Your New & Improved Rewards Center Awaits 🎉

    June 19, 2025

    Type above and press Enter to search. Press Esc to cancel.