Pump.fun has been hit with a proposed class action lawsuit accusing it of selling unregistered securities and generating ...

Pump.fun allegedly sold unregistered securities disguised as meme tokens and attracted nearly $500 million in fees.

The legal complaint alleges that all tokens generated on the Pump.fun platform are securities and should be subject to U.S. securities regulations. Pump.fun, along with its three founders, Alon Cohen, ...