Crypto investigator ZachXBT has dismissed the idea that investors who lost money on the memecoin platform Pump Fun should be seen as victims. Responding to the announcement that Burwick Law would be taking legal action on behalf of Pump Fun investors, ZachXBT referred to them as "degenerate gamblers" and criticized their choice to invest in micro-cap meme coins. Burwick Law argued that memecoins are susceptible to manipulation and are not comparable to regulated gambling. ZachXBT suggested that if lawsuits arise, he may release a tutorial on how to anonymously fund addresses on the blockchain to create chaos and make legal action more difficult. Pump Fun, which has an anonymous creator and was effectively banned in the UK, has faced criticism for controversial content and a live-streaming feature that was later suspended.



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