Pumpfun hit with federal lawsuit over alleged $500M pump-and-dump scheme
Pump.fun, a Solana-based token launch platform, is facing a federal class action lawsuit alleging it orchestrated an extensive scheme to issue and promote unregistered securities, violating US securities laws, according to a Jan. 30 court filing. Diego Aguilar, a Pump.fun user, filed the lawsuit in the U.S. District Court for the Southern District of New…