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They Went After the Hawk Tuah Crypto Promoters. Now They're Suing Pump.Fun
The same lawyers handling a lawsuit over the infamous Hawk Tuah crypto coin are bringing a new class action against memecoin platform Pump.Fun for allegedly putting investors in high financial risk.
Representing the plaintiffs are Wolf Popper and Burwick Law, the two firms handling a separate class action brought by investors in December over a memecoin launched by web personality Haliey Welch, better known as the Hawk Tuah girl, which collapsed in value soon after trading began. In making marketing claims that downplay the likelihood of losing money trading memecoins, the complaint alleges, the platform also put investors at heightened financial risk. However, the lawsuit brought by the crypto investor—which follows reports of unethical trading activity, criticism relating to content moderation, and a warning issued against Pump.Fun by the UK financial regulator—could threaten to put a dampener on the runaway growth.
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