Solana’s Pump.fun hit with cease and desist over alleged IP violations

Same corner of Solana Pump.

February 5, Pump. issuing Against Pump.Fun by American law firms Burwick Law and Wolf Popper LLP, demanding the removal of several coins abusing their names and logos.

A letter to stop and abstain is an official legal opinion requiring that a person or an entity immediately stops an alleged illegal activity to avoid new legal action.

The letter requires the “immediate withdrawal of the Dogshit2 token” and other tokens which, according to the companies, have been created to usurp them to identity. He still accuses Pump.fun of allowing these unauthorized deployments and not to act despite the technical capacity to do so.

According to law firms, these actions violate not only their intellectual property, but also contribute to deceptive market practices, which puts investors in danger.

To date, Pump Users have created hundreds of tokens, including those who have the theme of Burwick Law, Wolf Popper LLP and the general partner of Burwick, Max Burwick.

Burwick Law and Wolf Popper LLP also claim that Pump.fun played a role in wider efforts to “intimidate our customers and interfere with current disputes”.

They underline the pieces even designed to usurp the identity of the complainants of the trial, arguing that this represents “the use of blockchain technologies as a tool to disturb justice and regular procedure”.

“Any other unauthorized use of the names, the intellectual property of our businesses or our association with this token can lead to immediate legal action,” said part of the letter to stop and abstain.

The letter to stop and abstain follows two collective remedies against Pump.fun, both led by Burwick Law and Wolf Popper LLP on behalf of investors.

The first case, laid On January 16, targeted the sale of the peanut token The Squirrel, alleging that it was an unregistered security promoted thanks to a media influence. THE second trialDeposed on January 30, extended the allegations, appoint the pump.

According to the complaint, Pump.Fun would have benefited from a commercial pump and pumping model by aggressively marketing the mesters who then lost a significant part of its value.

The applicant Diego Aguilar said he had suffered losses after buying tokens like FWOG and Griffain, who were initially pushed to high assessments before their prices dive. The complaint also accused Pump.

However, the case took an unexpected turn when the members of the community analyzed play C of the trial, which demonstrated the ease with which the tokens can be created on Pump.fun.

The dog shit that is not going (Dogshit2) has become the center of controversy after certain members of the community discovered a portfolio address mentioned in the trial of companies against Pump. This has led to speculations that Burwick and the law may have deployed the token to strengthen its case.

Those who hold the memes play, on the other hand, benefited from the controversy, while Dogshit2 had jumped more than 170% in the past 24 hours, reaching a summit of $ 0.01437 on February 6 – Hours after The publication of the cease -up and desistence letter.

At the time of publication, Pump.fun has not yet published an official declaration concerning allegations or responds to the letter to stop and abstain.