According to Foresight News, the American law firm Burwick Law recently filed an updated complaint with the federal court, accusing the operating company of pump.fun, Baton Corp, as well as institutions such as the Solana Foundation, Solana Labs, and their management teams, of potentially violating the provisions of the Racketeer Influenced and Corrupt Organizations Act (RICO).
The complaint has officially entered the federal judicial process, marking a new stage in this legal dispute. According to the complaint, Burwick Law, on behalf of the plaintiff, has raised multiple allegations of RICO violations against the aforementioned defendants.
This case has garnered widespread attention in the crypto community. The RICO Act, as a strict federal legal tool, is typically used to combat organized crime. Its application to crypto projects is rare, highlighting the complexity and significance of this lawsuit.
The case is still ongoing, and further updates on court proceedings are yet to be disclosed.
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pump.fun and the Solana ecosystem are involved in federal legal lawsuits, with the RICO Act becoming the focus
According to Foresight News, the American law firm Burwick Law recently filed an updated complaint with the federal court, accusing the operating company of pump.fun, Baton Corp, as well as institutions such as the Solana Foundation, Solana Labs, and their management teams, of potentially violating the provisions of the Racketeer Influenced and Corrupt Organizations Act (RICO).
The complaint has officially entered the federal judicial process, marking a new stage in this legal dispute. According to the complaint, Burwick Law, on behalf of the plaintiff, has raised multiple allegations of RICO violations against the aforementioned defendants.
This case has garnered widespread attention in the crypto community. The RICO Act, as a strict federal legal tool, is typically used to combat organized crime. Its application to crypto projects is rare, highlighting the complexity and significance of this lawsuit.
The case is still ongoing, and further updates on court proceedings are yet to be disclosed.