Solana-based meme coin creation platform Pump.fun has landed in legal trouble as Burwick Law and Wolf Popper LLP issued a cease and desist letter over the unauthorized use of their intellectual property.
The law firms recently filed a class-action lawsuit against Pump.fun, alleging that the platform facilitated the creation of over 200 tokens that infringe upon their trademarks and impersonate their brands.
The most notable among these is the ‘Dog Shit Going NoWhere’ (DOGSHIT2) token, which was allegedly deployed on Pump.fun without the firms’ consent.
Burwick Law and Wolf Popper LLP have made it clear that they have no involvement with the creation of these meme coins and are now taking legal action to protect their intellectual property and the interests of affected investors.
According to their statement, “class action filing last week, Pump[dot]fun has issued over 200 tokens infringing upon the IP of us and our co-counsels brands.”
The firm further alleges that Pump.fun has the capability to remove these tokens but has refused to act despite the legal and financial risks posed to investors.
Pump.fun Allegedly Facilitates Harassment and Market Manipulation
Beyond intellectual property infringement, the cease and desist letter accuses Pump.fun of allowing the creation of tokens that target individuals involved in the lawsuit.
According to Burwick Law, Pump.fun has launched tokens that impersonate their clients, allegedly as part of a coordinated effort to intimidate them and interfere with ongoing litigation.
As the cease and desist letter stated:
“These acts represent the use of blockchain technologies as a tool for disrupting justice and due process.”
The firm emphasized that it will pursue legal remedies to the fullest extent against those involved in such misconduct.
Meanwhile, the controversy surrounding DOGSHIT2 has fueled speculation regarding its origins.
Opinions within the crypto community have suggested that Burwick Law may have deployed the token themselves as part of their case against Pump.fun.
However, Burwick has denied these allegations, explaining that DOGSHIT2 only existed off-chain as “memory on the server” before being deployed on-chain once a buyer purchased it.
Class-Action Lawsuit Alleges Securities Violations
The legal battle against Pump.fun extends beyond the cease and desist letter.
On January 30, Burwick Law and Wolf Popper LLP filed a class-action lawsuit on behalf of investors, claiming that Pump.fun has facilitated the creation and sale of unregistered securities.
The lawsuit, led by Diego Aguilar, was filed in a New York federal court. It accuses Pump.fun, allegedly operated by the UK-based Baton Corporation, of using deceptive marketing tactics to inflate demand for highly volatile tokens artificially.
According to the lawsuit, Pump.fun has generated nearly $500 million in fees from the tokens it helped launch.
The plaintiffs seek legal relief, including the rescindal of all token purchases, monetary damages for affected investors, and coverage of litigation costs.
This case follows a previous lawsuit filed in January by Burwick Law, accusing Pump.fun of selling the unregistered Peanut the Squirrel (PNUT) token, which reached a $1 billion market cap at that time.
Burwick also criticized Pump.fun and similar platforms for exploiting meme coins, calling them multi-level marketing scams preying on investor desperation.
He argued that these platforms distort the true potential of crypto rather than advancing its capabilities.
BREAKING: @pumpdotfun‘s monthly revenue reaches an all-time high of $121M in January, surpassing Ethereum’s revenue for the first time. pic.twitter.com/Kh7W4HB42B
— Coinwaft (@coinwaft) February 4, 2025
However, this controversy has not slowed down Pump.fun’s popularity. Last week, the platform recorded an all-time high of $3.3 billion in weekly trading volume and an all-time high revenue of $121 million last month.
The post Pump.fun Hit with Cease & Desist from Burwick Law Over 200+ IP-Infringing Meme Coins appeared first on Cryptonews.
News – Read More