Looks like Pump.fun is in some serious legal hot water, because two U.S. law firms, Burwick Law and Wolf Popper, have fired off a cease-and-desist letter at the Solana-based memecoin platform, demanding it wipe out over 200 tokens that allegedly rip off their names, logos, and even their employees’ identities.
The lawyers aren’t laughing
Burwick Law announced on Feb. 5 via X that both firms were taking action against Pump.fun. Their problem?
The platform is hosting tokens that spoof their logos, names, and plaintiffs, with one even going by the charming name Dog Shit Going NoWhere, or DOGSHIT2.
Burwick Law’s Managing Partner, Max Burwick, told that since last week’s class-action filing, more than 200 infringing tokens have popped up.
This isn’t just some wild coincidence, users have specifically created coins using variations of Burwick Law’s and Wolf Popper’s branding, and some have even targeted individual employees and clients involved in the lawsuit.
Pump.fun’s hands-off approach
Despite the firms’ demands, Pump.fun has yet to take action. In theory, the platform has the technical ability to remove these tokens but is choosing not to, putting investors at financial and legal risk.
Adding fuel to the fire, the cease-and-desist letter also accuses Pump.fun of working with third parties to intimidate clients and disrupt the ongoing lawsuit.
Essentially, the claim is that the platform isn’t just passively allowing this to happen, but it might be actively involved.
In a twist straight out of a legal shitshow, some have speculated that Burwick Law itself created the DOGSHIT2 token as part of its case against Pump.fun.
But Burwick denies this, insisting that the token only existed as server memory until Pump.fun actually deployed it onchain, which happens automatically when the first buyer makes a purchase.
Memecoins as securities?
This legal fight is part of a broader class-action lawsuit filed on Jan. 30 in a New York federal court.
Burwick Law and Wolf Popper allege that Pump.fun has been minting unregistered securities, raking in nearly $500 million in fees while pushing high-risk, volatile tokens on retail investors through aggressive marketing tactics.
The suit, filed on behalf of investor Diego Aguilar, argues that Pump.fun’s UK-based parent company, Baton Corporation, used guerrilla marketing to create artificial hype, leading to financial losses for everyday investors.
Now, the firms are seeking monetary damages, reimbursement for affected investors, and coverage for legal fees.
