A crypto investor has brought a class action lawsuit against Pump.Fun, a platform for launching and investing in meme-inspired cryptocurrencies, after suffering trading losses.
Representing the plaintiffs are Wolf Popper and Burwick Law, the two firms handling a separate class action brought by investors in December over a memecoin launched by web personality Haliey Welch, better known as the Hawk Tuah girl, which collapsed in value soon after trading began. (Welch was not named as a defendant in that suit.)
“These ‘emperor’s new clothes’ crypto schemes can’t keep masquerading as legitimate finance, leaving the vulnerable in the lurch,” says Max Burwick, founding partner at Burwick
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