Burwick Law, a New York-based law firm, has filed a federal lawsuit against the creators of the Hawk Tuah meme coin. The firm alleges that the platform Pump.fun collected large fees while allowing illicit activities such as drug use, self-harm, racism, and bestiality. Burwick is calling on affected individuals to contribute to a potential legal case seeking restitution. The law firm claims that these issues highlight the lack of accountability from the platform's anonymous creators. Pump.fun, which launched in January 2024, has been a dominant player in the meme coin sector but has faced criticism for its risky behavior and now-suspended livestreaming feature. The UK Financial Conduct Authority has already banned residents from accessing the platform. Despite its revenue generation, data shows that only a small percentage of wallets on Pump.fun have realized significant profits, raising doubts about its fairness. The platform has not yet responded to requests for comment.



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