Two law firms, Burwick Law and Wolf Popper LLP, sent a cease-to-the-black letter to Token Launchpad Pump. Nowhere (dogshit2). Companies have also accused Pump.fun of trying to intimidate their customers.
The allegations are involved while the two companies are pursuing a collective appeal against Pump. They also called the Launchpad to allow users to easily create and exchange non -registered tokens.
Dogshit2 hovers in the middle Pump.fun’s Legal Woes
On Thursday, the cease-up-to-free letter, dated February 5, 2025, was shared on X (Twitter). Burwick Law and Wolf Popper LLP demanded that Pump.
“… any other unauthorized use of the names of our businesses, intellectual property or association with this token can lead to immediate legal action,” said the post.
The controversy surrounding Dogshit2 began when Burwick Law submitted court documents in his initial trial against Pump.fun. It included an exposure demonstrating the ease with which users can create tokens on the platform. The company also accused PUMP.
However, cryptographic analysts quickly noticed that a portfolio address referenced in the trial was linked to Dogshit2. This revelation led to speculations according to which Burwick Law or his affiliates had inadvertently created the token.
The law firm vehemently denied any involvement in the launch or profit of Dogshit2. More specifically, they declared that the token existed only as “memory on the server” until it was bought and deployed on a chain by an unknown part.
Despite Burwick’s refusals, Dogshit2 continued to attract the interests of investors. At its peak of January 31, the market capitalization of the token exceeded $ 23 million. While it fell to around $ 8.2 million, according to Coingecko data, the price has increased More than 200% since the opening of the Thursday session.
The role of Pump.fun Platform in the dispute
Meanwhile, the main problem of the legal battle is to know if Pump.Fun has knowingly allowed the creation of tokens designed to usurp the identity of law firms and complainants involved in the trial. Law firms claim that Pump. Fun has the technical capacity to withdraw the disputed tokens but refused to do so.
“Burwick Law confirmed that Pump.Fun has the technical capacity to withdraw these tokens and has chosen not to act, despite the clear financial and legal risks placed to the public,” added the law firm.
They also claim that the actions of Pump.fun represent an effort to interfere with the current disputes, intimidating investors who pursue complaints against him. Companies warn that such tactics could undermine the legitimacy of blockchain technology by using it to hinder the regular procedure and manipulate the perception of the public.
Pump.fun did not publicly comment on the allegations of intimidation. However, Launchpad announces as simply providing an open platform for the generation of tokens.
Meanwhile, the regulatory examination on the platforms of the same currency has increased, in particular as the pump and high-risk counting patterns proliferate. However, for Pump.Fun, this adds to a list of controversies after analysts slammed it for delaying the Altcoin season. Most of the Solana founders also have negative feelings on the platform.
Nevertheless, it is impossible to forget the remarkable beginning of the Solana even Launchable The year. As Beincrypto reported, the platform recorded a significant turnover of $ 14 million on January 2 and represented 52.8% of Solana Dex transactions in December.
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