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Burwick Accuses Solana and Jito of 'Conspiring' in $1.5 Billion Pump Fun Fraud Case
Summary: According to Protos, Burwick Law has named Solana Labs and Jito Labs as defendants in its lawsuit against Pump Fun, accusing the two companies of being the 'architects' and 'conspirators' of the fraudulent meme coin platform. Burwick stated, 'Solana Labs and Jito Labs were knowledgeable and intentional participants in this behavior.' Pump Fun extracts fees ...
According to Protos, Burwick Law has named Solana Labs and Jito Labs as defendants in its lawsuit against Pump Fun, accusing the two companies of being the 'architects' and 'conspirators' of the fraudulent meme coin platform. Burwick stated, 'Solana Labs and Jito Labs were knowledgeable and intentional participants in this behavior.' Pump Fun extracts fees from each transaction and token issuance. Solana Labs profits from the increase in token circulation speed and SOL price. Jito Labs extracts MEV from high traffic issuances and earns commissions from validator throughput.
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Link: Burwick Accuses Solana and Jito of 'Conspiring' in $1.5 Billion Pump Fun Fraud Case [Copy]
