Burwick Law Sues Pump.fun Over Rug Pulls and Meme Coin Losses

Burwick Law has filed a lawsuit against Pump.fun, representing investors who claim to have lost significant funds on the platform due to failed meme coins and alleged rug pulls. The law firm has invited affected users to join the case by submitting an intake form.

Pump.fun, a prominent meme coin launchpad based on Solana, is accused of financial misconduct and unfulfilled promises. Reports indicate that more than 60% of its traders suffered losses, fueling allegations of fraud and market dilution. The lawsuit aims to address these claims and hold the platform accountable for specific criminal acts and regulatory violations.

In a statement, Burwick Law highlighted concerns over Pump.fun’s activities. The firm criticized the platform for collecting large fees while allowing harmful content and antisocial behavior to thrive. The law firm declared its commitment to supporting crypto enthusiasts seeking justice in the Web3 space.

Pump.fun has been a controversial figure in the crypto market. While it started 2025 with record revenues, it has also faced accusations of contributing to market dilution. A recent poll showed significant disapproval of Pump.fun among Solana’s founders, underlining its divisive reputation.

The platform has faced legal and regulatory scrutiny before. In December 2024, it ceased UK operations following warnings from the FCA. Prior to that, London police investigated allegations of fraud linked to the platform, further tarnishing its image. Despite these challenges, Pump.fun has maintained a significant user base and generated substantial hype.

Burwick Law has not yet disclosed detailed charges or damages it is seeking. The initial statement, however, emphasized the need to protect decentralized finance from bad actors and restore trust in the crypto space. Details of the case will emerge as the legal process unfolds.

This lawsuit represents a major test for Pump.fun as it navigates increasing legal and public pressure. Investors and crypto enthusiasts alike will be closely watching to see how the case impacts the platform’s future and the broader decentralized finance landscape.