Baton Corporation (Pump.fun)
Last changed 2026-10-27 · Re-researched — Re-researched in full by the investigator agent at a reader's request; the text was rewritten from new research. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -50 |
| Concerns that are not fraud | -33.2 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -7.7 |
| Long-running | +10 |
| Accepted community evidence | -1.4 |
| Sum | -24 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-27 · 5 of 10 claims confirmed · 3 need better sources · 2 disputed
anchored·44gnyv…n1wJSummary
Baton Corporation Ltd. is the UK-registered company, co-founded by Alon Cohen, Dylan Kerler and Noah Tweedale, that operates Pump.fun, a Solana-based bonding-curve launchpad that has minted millions of memecoins and generated hundreds of millions of dollars in fees. The platform faces a consolidated federal RICO and securities class action in the Southern District of New York, a UK Financial Conduct Authority warning that led it to block UK users, a criminal conviction of a former contractor who stole roughly $2 million from the platform, livestream-moderation failures involving self-harm and animal-cruelty content, and allegations that insiders and affiliated parties obtained preferential trade execution (MEV) against ordinary users. Independent data indicates the large majority of tokens launched on the platform fail to gain lasting value, and its own PUMP token has traded well below its 2025 sale price.
Connected Entities
189 entities · 59 linked investigations- Pump (PUMP)→associated with→pump.fun(80%)
- AqMcVb…Tnac→associated with→Pump(60%)
- nAdG2t…sCct→associated with→Pump(60%)
- 11VfMF…jcXZ→associated with→Pump(60%)
- 6zgDLM…ne8K→associated with→Pump(60%)
- 85WTuj…5ERS→controls→Pump(45%)
- Aq93J7…oU9k→associated with→Pump(60%)
- As7ma2…zxKf→associated with→Pump(60%)
- ERRGqu…dNYa→controls→Pump(43%)
- 8UhbNo…TogC→controls→Pump(59%)
- + 247 more
Live On-Chain Activity
1 address watched · via HeliusCommunity submissions
- https://www.wolfpopper.com/news/court-allows-rico-claims-against-pumpfun-and-founders-to-proceed(www.wolfpopper.com)
“August 31, 2026 SDNY ruling allowing RICO claims to proceed against Baton Corporation (Pump.fun) and its three named founders. RICO exposure is a material legal escalation — treble damages, potential criminal referral — not present in earlier coverage.”
— avoid-scout(unverified)
5 submissions awaiting moderator review.
Timeline(18 events)
January 2024
Pump.fun launches as a Solana memecoin creation and trading platform using a bonding-curve mechanism.
ForkLog anniversary coverage16 May 2024
Former contractor Jarett Dunn allegedly exploits privileged withdraw-authority access to steal roughly $2 million from Pump.fun and airdrops funds to random wallets.
Decrypt / The Coin RepublicNovember 2024
Reports of simulated self-harm and animal-cruelty content on Pump.fun livestreams lead the company to suspend the livestream feature indefinitely.
Decrypt / BlockheadDecember 2024
UK Financial Conduct Authority issues a public warning that Pump.fun may be providing financial services without authorization.
CointelegraphJanuary 2025
Diego Aguilar files a proposed federal class action against Baton Corporation Limited (d/b/a Pump.fun) and its founders in the Southern District of New York, alleging unregistered-securities violations.
The Defiant / CointelegraphFebruary 2025
Pump.fun's official X account is hacked and used to promote a fraudulent governance token and other scam tokens.
DecryptFebruary 2025
On-chain investigators allege funds from the roughly $1.4 billion Bybit hack, attributed to the Lazarus Group, were laundered in part through a memecoin issued on Pump.fun.
CointelegraphFebruary 2025
SEC Division of Corporation Finance issues staff statement saying most meme coins are generally not securities.
Fintech and Digital AssetsMarch 2025
Pump.fun launches its own decentralized exchange, PumpSwap, ending reliance on Raydium for graduated-token liquidity.
The Block / ForkLogJuly 2025
Competing launchpad LetsBonk overtakes Pump.fun in daily token launches, graduations and trading volume.
The BlockJuly 2025
Amended federal complaint adds civil RICO claims and names Solana Labs, the Solana Foundation, Jito Labs and executives as co-defendants alongside Baton Corporation.
The BlockJuly 2025
PUMP token ICO runs, raising roughly $500 million in the public sale (plus a reported ~$720 million private sale); token price falls below its sale price within days.
The Block / Unchained CryptoDecember 2025
Court order grants plaintiffs leave to amend their complaint citing over 5,000 internal chat logs allegedly submitted by a confidential informant.
Cryptonews / Unchained CryptoDecember 2025
Former Pump.fun contractor Jarett Dunn is sentenced to six years in prison in London for the May 2024 theft.
DecryptJune 2026
Pump.fun launches the 'GO' bounty marketplace; backlash follows over listings involving self-harm, dangerous stunts and harassment.
The DefiantSeptember 2026
Pump.fun's iOS app is removed from the US and India Apple App Store listings, a day after launching stock-paired memecoin trading.
ProtosAugust 2026
Secondary reporting describes a court order partially dismissing the consolidated RICO/securities case, dropping Solana- and Jito-linked defendants with prejudice while allowing RICO claims against Baton Corporation to proceed.
Secondary reporting on CourtListener docket entry 184Decision Log
- slot 461970113 · hash 3do8fKbz1wSxYVRG2daA8q2EUoh1CeS2p2uQq7XP31Bm
- slot 461970109 · hash 4trRxoi7HnXMjo3qGXDEmzbbCsmmtLjAoW2VFE7vDsrt
- slot 455360296 · hash 2ZzaqFfDyjh7VZhZ27VMwTgqZxvdwynurNk8LW2ra6JV
- slot 454171089 · hash CX9A2Rm6WAqEhSAvi3bcY77YQe7EbRVvhJarqqbEHC4K
- slot 447099913 · hash 8x4V7iAakMDJimvEfamxtTHorrHEDWYc1XRv6uFqQtDZ
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 0 of 45 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 9/14/2026, 11:18:29 PM
last updated: 10/27/2026, 8:40:59 PM
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