Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’

It was after having recovered the “six figures” of a finance scam (DEFI) decentralized in 2021 that the lawyer and veteran of the Navy based in New York, Max Burwick, realized that he could face the biggest clutters of Crypto and the victory.

“It changed my way of looking at everything,” Burwick told Burwick. He is currently continuing the Factory Pump, based in Solana, and the creators of the Hawk Tuah token (Hawk), among others.

“Two things happened to me at this time that was critical. One was that I understood the double nature of what people claim to be in crypto. And I also understood the power you might have as a lawyer. ”

In January, Burwick filed a prosecution of the course against Pump.fun – a platform that allows anyone to create his own same same, which flooded cryptographic space with 40,000 additional tokens each day until things start to withdraw after the balanced token scam (balance).

However, the ambitious trial has collected an intense reaction on social networks, mainly because it is trying to paint each same, listed by Pump. Fun as unregistered security.

If this argument succeeds, the case could theoretically spell a disaster for the market of $ 64 billion in the same, and therefore, Burwick cut massive heat on it. The trolls make the same with his image, sending “messages” to his office, and many others have accused him of launching a token on the very platform he pursues.

A recent declaration of the Securities and Exchange Commission, however, complicates the case. At the end of February, the agency’s finance division said that it did not consider even titles and that they are more like collectibles. However, a footnote clarifies that this is only the opinion of the division and not the dry, and it prompted a dissident declaration of the SEC commissioner, Caroline Crenshaw, the same day.

Carpet drawn? GOOD

Burwick’s law firm only makes money if he earns a lawsuit or if he is able to secure an out -of -course settlement, which means that he must create a constant litigation flow to keep the engine on the move.

For this reason, the leader of engineering of the Protocol of the Helium Foundation, Noah Prince and many others criticized Burwick as an “ambulance hunter of the crypto” – a term which refers to the lawyers who try to do work by persuading someone who was accident to claim compensation.

Bill Hughes, a lawyer for consensys, asked his supporters if they prefer to have the president of the dry, Gary Gensler, or dozens of “mini-consumers” (like Burwick), bringing prosecution demanding “this and the other” are all titles.

Burwick says that some have even called him an “Ivy League costume” chasing dollars – and it is far from being reality.

“We felt that many people had a misunderstanding of whom I was and what the company was,” said Burwick explains why he published a 15 -minute video entitled “Meet Max Burwick” on X in February.

“I am a human being. I am accessible. You know, this is not a distant trial with an anonymous person in a steel building somewhere. It’s reality. “

There was a time when Burwick could barely read

Burwick says he could not be further from an “Ivy League costume”. In fact, he barely left high school.

“I really had trouble learning,” said Burwick, laughing clumsily. “I was so anxious with the words that I really did not learn to read correctly until I am in the navy.”

Burwick joined the US Navy at the age of 18 and said: “I really learned to read.”

Five years later, Burwick, 23, completed his military tour as a rescue swimmer and specialist in electronic weapons. He worked as a personal coach for a crossfit gymnasium in New York and at the same time tried a special military unit.

But these plans were destroyed when Burwick seriously injured his back. It was then that he decided to study law and enjoyed mathematics and software engineering.

Now 41 years old, Burwick has managed his own practice for about three years.

In recent months, he has targeted the creators of Hawk Tuah Tuah (Hawk) of Haliey Welch (Hawk), which was launched in December to reach a market capitalization of $ 490 million before pouring 91% in just three hours.

He seeks to represent investors who have lost money on the $ 4 billion balance (balance) in Argentina, which was “shared” by Argentinian president Javier Milei and lost 85% in the four hours after his controversial launch.

Burwick told the magazine that he expected to deposit 15 to 20 other cases in the next two months – but the big question for many is whether his lawsuit will go anywhere.

Does Pump.Fun do the legs?

In a post of January 16, Burwick said that even illustrated on Pump.

“It is not a cryptographic innovation – it is a reconditioned Ponzi scheme.” He wrote online, before submitting the trial on January 30.

Gabriel Shapiro, lawyer based at Silicon Valley and former Delphi Labs lawyer, said in a position on January 17 that the trial can have legs.

He said that in the past, the same was assumed not to be covered by American securities laws: “It is clear that they have changed its cycle as teams / professional operations that arise around them and have established part of the expectations of the market.”

“This does not mean that they are definitively covered by the laws on securities, but it put them more in danger than what was considered previously.”

Burwick’s collective recourse alleys that the main function of Pump. Fun is to work alongside influencers to co-lift uncrowded titles, saying that the platform has made almost half a billion fees while knowingly helping the creation of tokens that exploit the speech of hatred, violence and exploitation to generate attention and volume of negotiation.

He continues the founders of Pump.

Shapiro said that on X, the document had been “written carefully”, although it does not know how much it will go “, given the” common corporate “project of the Howy test and the fact that the same go through an automated market.

Another problem with the Burwick trial is the Declaration of the Finance Division of SEC companies announcing that it considers the same as collectibles and “therefore does not imply the supply and sale of securities under federal laws on securities”.

“As such, people who participate in the offer and sale of documents even do not need to register their transactions with the Commission,” said the dry division.

This was quickly supported by the SEC Commissioner, Crenshaw, who said that even could satisfy Howey’s test to take advantage of the management efforts of others due to coordination between developer teams and promoters.

But while the trial looks like an attack on all the mecoins – Burwick says that this is not at all the case.

“The same is great. The same is not intrinsically the problem […] There are a lot of really cool things you could do.

The problem, says Burwick, is when there is a secondary market for these tokens, which operates at “Speed ​​Warp”.

Burwick said he was looking forward to the same, the same, integrated into entertainment experiences such as concerts, which could work like an NFT.

Controversy Dogshit2

One of the biggest distractions in the pump.

Dogshit2 appeared for the first time on Pump.Fun on November 1, 2024, but only exchanged to exchange more than two months later on January 17, 2025. Critics accuse Burwick of being responsible for the launch and enumeration of the token on Pump.fun – which, at one point, had a market capitalization of $ 23 million.

The alleged firearm comes from a judicial exposure accompanying the collective appeal which shows the list of listed Dosshit2 from “connect Wallet” to “Token listed”.

But Burwick denied having created or launched the token. That said, he understands why people do not seem to love him very much for that.

“I’m going to say this. I think it’s a very fair position as people think … I understand. I really understand. ”

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Felix NG

Felix NG began writing on the blockchain industry through the objective of a journalist and a game industry publisher in 2015. He has since consulted the full -time blockchain space. He is most interested in innovative blockchain technology aimed at solving real world challenges.