Baton Corporation (Pump.fun)

1 January 2017

Dylan Kerler, then approximately 16 years old, is alleged by WIRED reporting to have launched eBitcoinCash and EthereumCash tokens under pseudonymous forum accounts, in what researchers allege were rug pulls. No law enforcement action or court finding has been publicly reported in connection with these events.

20 March 2023

Baton Corporation Ltd incorporated in England under Companies House number 14743013.

19 January 2024

Pump.fun launches on the Solana blockchain, founded by Noah Tweedale, Alon Cohen, and Dylan Kerler.

16 May 2024

Former employee Jarret Dunn exploits Pump.fun's withdraw authority using flash loans, misappropriating approximately 12,300 SOL (~$1.9 million). Pump.fun pledges full user restitution. Dunn is subsequently arrested in the UK.

1 November 2024

Pump.fun indefinitely suspends its livestreaming feature following sustained community backlash over harmful content on streams.

3 December 2024

UK Financial Conduct Authority publishes a formal warning that Pump.fun is not authorized or registered to provide financial services in the UK.

6 December 2024

Pump.fun updates its terms of service to block UK users in response to the FCA warning.

30 January 2025

Initial class action complaint filed in the Southern District of New York, initiating Aguilar v. Baton Corporation Ltd (1:25-cv-00880-CM), represented by Burwick Law and Wolf Popper LLP.

12 July 2025

Pump.fun conducts public PUMP token ICO at $0.004 per token; approximately $500 million raised in roughly 12 minutes. US and UK users excluded.

22 July 2025

Consolidated complaint expands to add Solana Labs, the Solana Foundation, Jito Labs, and individual executives as defendants, alleging a Solana-Pump.Fun Racketeering Enterprise.

30 September 2025

Jito Labs voluntarily dismissed from the proceedings.

9 December 2025

Judge McMahon grants permission to amend the complaint after a whistleblower provides approximately 5,000 internal chat logs as new evidence.

7 January 2026

Second amended consolidated class action complaint filed, incorporating 5,000+ internal chat logs and RICO predicates.

31 August 2026

Judge Colleen McMahon rules on motions to dismiss: RICO wire fraud and unlicensed money transmission claims survive against Baton Corporation and founders Cohen, Kerler, and Tweedale; all securities claims dismissed; Solana Labs, Foundation, and their executives cleared entirely.

10 September 2026

Pump.fun launches Custom Pairs feature allowing memecoins quoted against tokenized stocks including Boeing, Costco, and Trump Media.

11 September 2026

Apple removes the Pump.fun iOS app from the U.S. and India App Stores, one day after the stock-pairs feature launch. The PUMP token declines approximately 12%. No official explanation is provided by either party.