Analysis: SEC may intervene to investigate violations of pump.fun operations
2025-06-17 03:05:52
The official X account of pump.fun and its founder Alon Cohen, as well as a number of other Meme-related accounts, have been suspended, triggering speculation in the crypto community, including concerns that the Securities Exchange Commission may intervene to investigate possible violations of the pump.fun's operations, although as of now pump.fun main platform is still operating, and in January pump.fun was hit by a class action lawsuit accused of offering and selling "highly volatile" unregistered securities to investors for nearly $500 million in fees.
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