Burwick Law expands lawsuit against Pump.fun to include Solana and Jito executives as defendants
By: odaily.com|2025/07/24 00:31:54
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Odaily News Law firms Burwick Law and Wolf Popper have expanded their lawsuit against Pump.fun to name the Solana Foundation, Solana Labs, Jito, and its executives as defendants, including Solana co-founders Anatoly Yakovenko and Raj Gokal, Solana Foundation executive director Dan Albert, chairwoman Lily Liu, and former communications head Austin Federa.
According to the latest revised complaint, the two law firms cited the Racketeer Influenced and Corrupt Organizations Act (RICO) to accuse relevant personnel, claiming that Solana Labs and Jito Labs were deliberate participants in token design, fee mechanisms, infrastructure maintenance, and validator coordination, and were suspected of jointly planning and profiting from it. The lawsuit also accused Pump.fun of violating multiple U.S. financial crime prevention regulations, failing to implement anti-money laundering measures, assisting in the creation and promotion of illegal tokens, and infringing trademark rights.
The lawsuit alleges that Pump.fun made approximately $723 million through its “illegal gambling business,” while Jito Labs was accused of manipulating transactions and tilting the distribution of profits toward the briber. (The Block)
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