Law Firms Issue Cease-and-Desist for Misleading Tokens on Pump.fun
Burwick Law and Wolf Popper LLP have issued a cease-and-desist order against Pump.fun, demanding the removal of tokens that falsely associate with their firms, including Dog Shit Going NoWhere (DOGSHIT2). The law firms clarified they have no affiliation with DOGSHIT2 or any memecoins.
- Pump.fun faces a proposed class-action lawsuit for promoting unregistered securities, filed by Diego Aguilar.
- The lawsuit claims nearly $500 million was generated from selling unregistered tokens, seeking cancellation of token purchases and compensation for investors.
- Burwick Law alleges Pump.fun used tokens to intimidate clients and interfere with legal proceedings, including impersonating plaintiffs.
- Max Burwick denied involvement in DOGSHIT2's creation, stating it only existed as data until placed on-chain by Pump.fun.
- The law firms warned investors about DOGSHIT2 being part of a risky pump-and-dump scheme.
- Pump.fun has faced multiple legal challenges, including lawsuits related to PNUT and HAWK tokens.