By Emir Abyazov A class action lawsuit filed in federal court for the Southern District of New York accuses the memecoin platform Pump.fun of operating a fraudulent “slot machine” scheme that allegedly defrauded users of $5.5 billion. These allegations have placed Pump.fun at the center of a wide-reaching federal fraud investigation. A class action lawsuit […]
Tag: ICO
By Emir Abyazov Memecoin startup platform Pump.fun sold $500 million worth of PUMP tokens in a record 12 minutes—an event that has caused the crypto community to split into two camps. Looking at the token allocation, the total supply is 1 trillion tokens, with 33% allocated to the ICO, 18% to institutional investors, and 15% […]
By Emir Abyazov The way to the record On Monday, Bitcoin started by strengthening around $109,000. Until the middle of the week, the coin continued to trade in a narrow range without breaking through the resistance level. Bitcoin made an important leap on the evening of July 9, climbing to $112,000 in less than an […]