Outside Source
Burwick Law and Wolf Popper say Pump.fun users have created a range of tokens spoofing their names, logos, employees’ names and even its plaintiffs.
News
Solana memecoin creation platform Pump.fun has been hit with a cease and desist letter over tokens allegedly using the logo and name of two law firms that are currently suing the platform.
US law firm Burwick Law said in a Feb. 5 statement on X that it and Wolf Popper have issued a cease and desist letter to Pump.fun demanding the “immediate removal” of Dog Shit Going NoWhere (DOGSHIT2) and other tokens that have “impersonated our firms” through the unlicensed use of intellectual property — including its logo and name.
Multiple users have created tokens using the name and logos of Burwick Law and Wolf Popper in various configurations, according to Pump.fun.
There are also tokens using the name and likeness of Burwick Law employees and one of its clients in the ongoing lawsuit against PumpFun.
“Burwick Law confirmed that PumpFun has the technical capability to remove these tokens and has chosen not to act, despite the clear financial and legal risks posed to the public,” the law firm said.
Source: Burwick Law
Part of the cease and desist letter also alleges Pump.fun launched tokens in conjunction with efforts by third parties to “intimidate our clients and interfere with ongoing litigation.”
“These efforts include the creation of memecoins that impersonate our plaintiffs. These acts represent the use of blockchain technologies as a tool for disrupting justice and due process,” the firm said.
Baton could not be reached for comment.
Related: Public Citizen accuses Trump of ‘soliciting’ gifts with memecoin posts
Burwick managing partner Max Burwick recently denied involvement in the creation and deployment of DOGSHIT2, which some believe was created by the firm to assist its case against the platform.
In comments to Cointelegraph, Burwick claimed that the token had existed offchain only as “memory on the server” and wasn’t created until Pump.fun deployed it onchain, triggered when a first buyer purchases it.
Burwick Law and Wolf Popper filed a proposed class-action lawsuit on behalf of investors on Jan. 30, alleging that every token it helped make is an unregistered security from which it made nearly $500 million in fees.
The suit filed by Diego Aguilar in a New York federal court claimed that Pump.fun, allegedly run by the UK-based Baton Corporation, used guerilla marketing to generate artificial urgency for “highly volatile” tokens, which resulted in retail investors suffering significant losses.
The lawsuit alleges violations of the Securities Act and seeks relief in the form of rescission of all token purchases, monetary damages for affected investors, and litigation costs.
Pump.fun usage surged last week when it recorded an all-time high of $3.3 billion in weekly trading volume following the launch of Trump family memecoins.
This article first appeared at Cointelegraph.com News
