{"id":10636,"date":"2025-01-31T06:31:39","date_gmt":"2025-01-31T06:31:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10636"},"modified":"2025-01-31T06:31:39","modified_gmt":"2025-01-31T06:31:39","slug":"are-fartcoin-moodeng-tokens-securities-solana-based-memecoin-creator-pump-fun-slapped-with-class-action-lawsuit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10636","title":{"rendered":"Are Fartcoin, MooDeng Tokens Securities? Solana-based Memecoin Creator Pump.fun Slapped With Class-Action Lawsuit"},"content":{"rendered":"<div>\n<p><strong>Solana <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/sol\/usd\">SOL<\/a>)-based meme coin launchpad <strong>Pump.fun <\/strong>was hit with a class-action lawsuit on Thursday, claiming that all tokens created on the platform are unregistered securities.<\/p>\n<p><strong>What happened: <\/strong>The suit, filed in a New York federal court, named <strong>Baton Corporation, <\/strong>a U.K.-registered company, as the owner of Pump.fun. The complaint alleged that the platform earned nearly half a billion dollars in fees by selling &#8220;highly volatile unregistered securities.&#8221;<\/p>\n<p>The plaintiff further accused Pump.fun of allowing the sale of &#8220;worthless&#8221; digital tokens in minutes, disregarding basic investor protections, including &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/01\/43376047\/are-fartcoin-moodeng-tokens-securities-memecoin-creator-pumpfun-slapped-with-class-action-lawsuit\" alt=\"Are\" fartcoin moodeng tokens securities solana-based memecoin creator pump.fun slapped with class-action lawsuit>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana (CRYPTO: SOL)-based meme coin launchpad Pump.fun was hit with a class-action lawsuit on Thursday, claiming that all tokens created on the platform are unregistered securities. What happened: The suit, filed in a New York federal court, named Baton Corporation, a U.K.-registered company, as the owner of Pump.fun. The complaint alleged that the platform earned [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10636","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10636"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10636\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}