Audit log

Every state-changing event for Baton Corporation (Pump.fun): moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-09-14 23:18:41Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 447,099,913

   sig

   44gnyv3E2c6D…DZSJn1wJcopyexplorer ↗

   hash

   8x4V7iAakMDJ…6uFqQtDZcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (33239 B) ▸

   {"actor":"system:backfill","investigation_id":"785471f1-d691-40c9-8791-b9e678a683e2","kind":"publish","page_slug":"baton-corporation-pump-fun","published_at":"2026-09-14T23:18:40.866Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Baton Corporation (Pump.fun)","sections":[{"content":"Baton Corporation Ltd (UK Companies House number 14743013) is a private limited company incorporated in England on March 20, 2023, with a registered address at 82a James Carter Road, Mildenhall, Bury St. Edmunds, England, IP28 7DE. Its three directors of record are Noah Tweedale (CEO), Alon Cohen, and Dylan Kerler, all of whom are named individually as defendants in the federal RICO litigation. Dylan Kerler is listed as a German national in corporate filings. Some context provided to investigators describes Baton Corporation as British Virgin Islands-incorporated; the UK Companies House filing shows UK incorporation. The distinction may reflect multiple legal entities across jurisdictions. The three founders were reported to be in their early twenties at the time of launch and met in Oxford, UK. The company operates Pump.fun, a Solana-based memecoin launchpad that publicly launched on January 19, 2024.","heading":"Corporate Structure and Founding","severity":"low","sources":[{"credibility":1,"name":"BATON CORPORATION LTD — Companies House (UK Government)","type":"official","url":"https://find-and-update.company-information.service.gov.uk/company/14743013"},{"credibility":2,"name":"Who Is Alon Cohen, the Pump.fun Cofounder Behind PUMP (Phemex)","type":"news_article","url":"https://phemex.com/academy/alon-cohen-pump-fun-solana-meme-empire"},{"credibility":2,"name":"What is Pump.fun (Bitstamp Learn)","type":"other","url":"https://www.bitstamp.net/learn/web3/what-is-pumpfun/"}]},{"content":"Pump.fun functions as a permissionless launchpad allowing users to create and trade memecoins on the Solana blockchain using a bonding-curve pricing model. The platform charges fees on token creation and trades. According to DeFiLlama data, Pump.fun has generated over $850 million in cumulative fee revenue since its January 2024 launch. Platform revenues peaked in late 2024 and early 2025 during the memecoin market cycle, with single-day revenues exceeding $15 million at peak on January 24, 2025. By January 2026, fee revenue had declined approximately 75% year-over-year to $31.8 million for the month. The platform subsequently expanded beyond Solana to Base, Ethereum L1, and BNB Chain. Between its launch and early 2025, users launched over 7 million tokens. The consolidated class action complaint alleges that 98.6% of those tokens collapsed to near-zero value, and estimates aggregate retail investor losses between $4 billion and $5.5 billion. These loss estimates are allegations made by plaintiffs and have not been adjudicated.","heading":"Platform Overview and Fee Revenue","severity":"high","sources":[{"credibility":2,"name":"pump.fun Fees, Revenue and Volume (DeFiLlama)","type":"on_chain","url":"https://defillama.com/protocol/pump.fun"},{"credibility":2,"name":"Pump.fun and Solana RICO Lawsuit: Aguilar v. Baton Corporation (Burwick Law)","type":"other","url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"credibility":2,"name":"Pump.fun Sets Record With $15.5 Million in Fees Following Anniversary (CoinMarketCap)","type":"news_article","url":"https://coinmarketcap.com/academy/article/pumpfun-sets-record-with-dollar155-million-in-fees-following-anniversary"}]},{"content":"A federal class action, Aguilar v. Baton Corporation Ltd. d/b/a Pump.Fun, Case No. 1:25-cv-00880-CM, is pending before Judge Colleen McMahon in the U.S. District Court for the Southern District of New York. The initial complaint was filed January 30, 2025. A second amended consolidated complaint was filed January 7, 2026, on behalf of investors who purchased memecoin tokens launched on Pump.fun between March 1, 2024, and July 23, 2025. Plaintiffs are represented by Burwick Law and Wolf Popper LLP and represent more than 500 investors. In an order issued August 31, 2026, Judge McMahon ruled on defendants' motions to dismiss. The court dismissed all claims against Solana Labs, Inc., the Solana Foundation, and their five named executives (Anatoly Yakovenko, Raj Gokal, Dan Albert, Austin Federa, Lily Liu) entirely. Securities Act claims relating to the FRED and GRIFFAIN tokens were dismissed with prejudice, the court finding that memecoin bonding curves do not satisfy the Howey Test's common-enterprise prong. Securities claims on the remaining 18 tokens were dismissed without prejudice. Plaintiff Diego Aguilar's RICO counts were dismissed for failure to plead a domestic injury. RICO wire fraud and unlicensed money transmission claims brought by plaintiffs Carnahan and Okafor survived the motion to dismiss against Baton Corporation and its three named founders (Noah Bernhard Hugo Tweedale, Alon Cohen, and Dylan Kerler). The court found wire-fraud predicates plausibly pled, anchored in part on Cohen's public statements describing Pump.fun as an unruggable fair launch platform and an even playing field, which plaintiffs allege were knowingly false given alleged preferential insider access. The unlicensed money transmission predicate survived because the bonding-curve contracts allegedly exchanged value without FinCEN registration. These are allegations at the motion-to-dismiss stage; no liability has been determined. If plaintiffs ultimately prevail on the RICO claims, the statute provides for treble damages. Based on plaintiffs' estimated investor losses of up to $5.5 billion, potential treble-damages exposure has been sized by plaintiffs at approximately $16.5 billion; this figure is a plaintiff's calculation, not a court finding. The court excluded broad trading losses from RICO recovery on proximate-cause grounds, limiting viable recovery to execution losses and transaction fees. Separately, 25 unnamed KOL defendants had not been served since the suit began; the court set a September 10, 2026 deadline for plaintiffs to explain the delay or risk dismissal of those claims.","heading":"Federal RICO Litigation: Aguilar v. Baton Corporation","severity":"critical","sources":[{"credibility":1,"name":"Aguilar v. Baton Corporation Ltd. docket (CourtListener)","type":"court_filing","url":"https://www.courtlistener.com/docket/69593359/aguilar-v-baton-corporation-ltd-dba-pumpfun/"},{"credibility":1,"name":"Aguilar v. Baton Corporation Ltd. — Justia Case Page","type":"court_filing","url":"https://dockets.justia.com/docket/new-york/nysdce/1:2025cv00880/635992"},{"credibility":2,"name":"Judge Dismisses Pump.fun Securities Claims and Clears Solana Labs and Foundation. RICO Against Founders Survives (Crypto Times, Sep 1, 2026)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/01/judge-dismisses-pump-fun-securities-claims-clears-solana-labs-and-foundation/"},{"credibility":2,"name":"Solana Labs Dropped from Pump Fun Suit as RICO Claims Survive Against Baton Corp (The Currency Analytics)","type":"news_article","url":"https://thecurrencyanalytics.com/altcoins/solana-labs-dropped-from-pump-fun-suit-as-rico-claims-survive-against-baton-corp-289427"},{"credibility":2,"name":"Solana Labs dropped from Burwick Law's Pump Fun lawsuit (Protos)","type":"news_article","url":"https://protos.com/solana-labs-dropped-from-burwick-laws-pump-fun-lawsuit/"},{"credibility":2,"name":"Pump.fun and Solana: USD 5.5 Billion RICO Class Action Lawsuit (Crypto Valley Journal)","type":"news_article","url":"https://cryptovalleyjournal.com/focus/legal-and-compliance/pump-fun-and-solana-5-5-billion-usd-rico-class-action-lawsuit-over-memecoin-platform/"},{"credibility":2,"name":"Pump.fun and Solana RICO Lawsuit: Aguilar v. Baton Corporation (Burwick Law)","type":"other","url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"credibility":2,"name":"Wolf Popper LLP case page: Pump.Fun memecoin","type":"other","url":"https://www.wolfpopper.com/cases-investigations/pumpfun-memecoin"}]},{"content":"A central evidentiary development in the litigation involved a confidential informant providing plaintiffs' counsel with approximately 5,000 internal chat messages allegedly exchanged between Pump.fun personnel and external KOL promoters. The messages were not previously available, and in a December 9, 2025 order Judge McMahon granted leave to amend the complaint after finding plaintiffs had acted diligently. Plaintiffs allege the logs document coordination on token program behavior, validator and priority inclusion paths, and launch flow mechanics, and that insiders were given priority access to newly launched tokens through maximal extractable value (MEV) infrastructure before public trading began. The August 31, 2026 ruling cited internal Telegram messages in which Cohen allegedly instructed Kerler to reduce a promoter's token position, and alleged that Kerler built execution tools that optimized what plaintiffs describe as insider-first execution. Jito Labs was named in an earlier complaint but dropped before the August 2026 ruling. All allegations drawn from these logs remain unproven and are the subject of active litigation.","heading":"Internal Chat Log Evidence and MEV Allegations","severity":"critical","sources":[{"credibility":2,"name":"Whistleblower Drops 5,000+ Secret Chats in Pump.fun MEV Scandal (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/news/whistleblower-drops-5-000-secret-210125260.html"},{"credibility":2,"name":"Pump.fun Lawsuit Alleges 5,000-Message Plot to Rig Solana Meme Coins (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/news/pump-fun-lawsuit-alleges-5-142622742.html"},{"credibility":2,"name":"MEV Lawsuit Against Pump.fun, Solana Heats Up (Unchained Crypto)","type":"news_article","url":"https://unchainedcrypto.com/mev-lawsuit-against-pump-fun-solana-heats-up/"},{"credibility":2,"name":"Judge Approves Expansion of Pump.fun Lawsuit After 5,000 Internal Chats Surface (Yellow)","type":"news_article","url":"https://yellow.com/news/judge-approves-expansion-of-solana-pumpfun-lawsuit-after-5000-internal-chats-surface"}]},{"content":"On December 3, 2024, the UK Financial Conduct Authority (FCA) published a formal warning stating that Pump.fun is not authorized or registered by the FCA and may be providing or promoting financial services or products in the UK without permission. The FCA advised UK residents to avoid dealing with the firm and cautioned that users would not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme. Following the warning, Pump.fun updated its terms of service on December 6, 2024, to restrict access for UK users. This constitutes a formal regulatory action by a Tier 1 financial regulator. No FCA fine or formal enforcement proceeding has been publicly announced as of September 2026.","heading":"UK Financial Conduct Authority Warning","severity":"high","sources":[{"credibility":1,"name":"Pump.fun — FCA Warning Notice (official)","type":"regulatory","url":"https://www.fca.org.uk/news/warnings/pumpfun"},{"credibility":1,"name":"Memecoin Factory Pump.Fun Bans UK Crypto Traders (CoinDesk, Dec 2024)","type":"news_article","url":"https://www.coindesk.com/policy/2024/12/06/memecoin-factory-pump-fun-bans-u-k-crypto-traders"},{"credibility":1,"name":"UK Top Financial Regulator Says Pump.fun Doesn't Have Permission (The Block)","type":"news_article","url":"https://www.theblock.co/post/329804/uk-top-financial-regulator-says-pump-fun-doesnt-have-its-permission-to-do-business-in-the-country"}]},{"content":"On September 10, 2026, Pump.fun launched a Custom Pairs feature allowing users to create memecoins quoted against tokenized representations of publicly traded US stocks, promoting 93 asset pairs including tokens linked to Boeing, Costco, and Trump Media, with partners Backpack Securities and Backed Finance creating the underlying stock tokens. One day later, on September 11, 2026, Apple removed the Pump.fun iOS app from the U.S. and India App Stores. Users in affected regions received a message stating the app was not available in their country or region. The Android version remained available on Google Play with over 500,000 downloads. The Canadian App Store listing was unaffected. The PUMP token declined approximately 12% following the delisting. Pump.fun stated that existing users retained full functionality and that funds were safe. Neither Apple nor Pump.fun provided an official public statement explaining the removal. The causal connection between the stock-pair feature and the delisting has not been formally confirmed by either party.","heading":"Apple App Store Delisting","severity":"high","sources":[{"credibility":2,"name":"One day after launching stock pairs, Apple delists Pump Fun app (Protos)","type":"news_article","url":"https://protos.com/one-day-after-launching-stock-pairs-apple-delists-pump-fun-app/"},{"credibility":2,"name":"Pump.fun App Vanishes From Apple's US and India Stores (Crypto Times, Sep 11, 2026)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/11/pump-fun-app-vanishes-from-apples-us-and-india-stores-funds-remain-safe/"},{"credibility":2,"name":"Pump.fun iOS App Delisted From US and Indian App Stores (Hokanews)","type":"news_article","url":"https://www.hokanews.com/2026/09/pumpfun-ios-app-delisted-from-us-and.html"}]},{"content":"On May 16, 2024, between approximately 15:21 and 17:00 UTC, Pump.fun suffered a security breach in which approximately 12,300 SOL (valued at roughly $1.9 million at the time) was misappropriated. In its post-mortem, the platform identified the attacker as Jarret Dunn (online alias STACCoverflow), a former employee who allegedly used his prior privileged access to the platform's withdraw authority. Dunn used flash loans from Solana lending protocol Raydium to purchase as many tokens as possible across bonding curves, and once the bonding curves reached 100% completion, withdrew the bonding curve liquidity and repaid the flash loans. Dunn was subsequently arrested in the United Kingdom and released on bail. Pump.fun stated that all users affected during the exploit window would be made whole at 100% or more of liquidity held before the attack. This incident represents a case where a former insider exploited the platform; Baton Corporation was the victim of the breach.","heading":"May 2024 Security Exploit by Former Employee","severity":"medium","sources":[{"credibility":1,"name":"Pump.fun identifies $1.9 million exploiter as former employee in post mortem (The Block)","type":"news_article","url":"https://www.theblock.co/amp/post/295029/pump-fun-post-mortem"},{"credibility":1,"name":"Pump.fun exploiter reportedly arrested in London (The Block)","type":"news_article","url":"https://www.theblock.co/amp/post/295270/pump-fun-exploiter-reportedly-arrested-in-london-addresses-scandal-in-x-post"},{"credibility":2,"name":"Former Solana-based Pump.fun employee arrested after $1.9 million crypto exploit (CryptoSlate)","type":"news_article","url":"https://cryptoslate.com/former-solana-based-pump-fun-employee-arrested-after-1-9-million-crypto-exploit/"}]},{"content":"In approximately May 2024, Pump.fun launched a livestreaming feature allowing token creators to promote their tokens in real time. The feature quickly generated controversy. Documented incidents reported by crypto media included users performing degrading acts, threatening to harm animals, simulating suicide attempts to influence token prices, and displaying sexually explicit and other harmful content. The platform suspended the livestreaming feature indefinitely in approximately November 2024 following sustained community backlash and media coverage. In a subsequent period, the platform reopened livestreaming to approximately 5% of users with stated stricter moderation policies. These incidents did not result in known regulatory or criminal proceedings directly attributable to the platform as an operator, but contributed to broader reputational and regulatory scrutiny.","heading":"Livestream Content Moderation Failures","severity":"high","sources":[{"credibility":1,"name":"Pump.fun Reopens Livestreaming to 5% of Users with Stricter Moderation Rules (The Block)","type":"news_article","url":"https://www.theblock.co/post/349647/memecoin-launchpad-pump-fun-reopens-livestreaming-to-5-of-users-with-stricter-moderation-rules"}]},{"content":"In reporting published by WIRED, an investigative analysis alleged that Dylan Kerler, Pump.fun's co-founder responsible for development, was linked to two 2017 cryptocurrency launches — eBitcoinCash and EthereumCash — that researchers suspect were rug pulls. According to the reporting, developer forum accounts named DOMAINBROKER and ninjagod, which promoted both tokens on BitcoinTalk, shared a personal email address tied to the name Dylan Kerler. Digital footprints on GitHub, YouTube, LinkedIn, and Medium were cited as corroborating evidence. EthereumCash reportedly reached a market value of approximately 1.3 million GBP before the developer allegedly began secretly selling holdings via EtherDelta across various wallets, causing the token's value to drop approximately 88%. An estimated $75,000 worth of cryptocurrency at 2017 prices (worth approximately $400,000 at later valuations) was reportedly extracted. CertiK's chief security scientist stated they strongly suspect that EthereumCash was used by the developer to deceive investors. Kerler was reportedly approximately 16 years old at the time. Neither Pump.fun nor Kerler responded to WIRED's requests for comment. These are allegations reported by journalists and a security researcher; no law enforcement action or court finding has been publicly linked to the 2017 activities. The current RICO lawsuit does not separately allege these 2017 events.","heading":"Co-Founder Background: Allegations Regarding Dylan Kerler","severity":"medium","sources":[{"credibility":2,"name":"Pump Fun co-founder Dylan Kerler linked to 2017 ICO scams, report (Protos)","type":"news_article","url":"https://protos.com/pump-fun-co-founder-dylan-kerler-linked-to-2017-ico-scams-report/"},{"credibility":2,"name":"Pump Fun co-founder tied to 2017 crypto rug pulls, Wired reports (Traders Union)","type":"news_article","url":"https://tradersunion.com/news/cryptocurrency-news/show/228421-pump-fun-so-founder/"},{"credibility":2,"name":"Pump.fun co-founder Dylan Kerler linked to ICO scams (Bitcoinist)","type":"news_article","url":"https://bitcoinist.com/linked-to-ico-scams-pump-fun-co-founder-accused-of-rug-pulls-in-2017-report/"}]},{"content":"On July 12, 2025, Pump.fun conducted a public PUMP token ICO at $0.004 per token with a total supply of 1 trillion tokens, raising approximately $500 million in roughly 12 minutes. US and UK users were excluded from participation. The token listed on Kraken, KuCoin, Bybit, and MEXC at approximately $0.006, implying a fully diluted valuation exceeding $5.5 billion at listing. Separately, in December 2025, Burwick Law announced it was investigating reports that minors were able to access and use the Pump.fun platform and that some families experienced financial or psychological harm as a result; no formal complaint specifically addressing minors had been filed as of the available reporting. In February 2025, Burwick Law sent a cease-and-desist to Pump.fun after meme coins using the names and photographs of class action plaintiffs and the Burwick Law logo began appearing on the platform. In 2026, Pump.fun publicly recruited a Chief Legal Officer at a reported salary of up to $5 million per year as litigation intensified, and assembled a high-profile legal defense team.","heading":"PUMP Token Launch and Additional Legal Matters","severity":"medium","sources":[{"credibility":2,"name":"Pump.fun (PUMP) ICO Date, Token Launch (Flitpay)","type":"news_article","url":"https://www.flitpay.com/blog/pumpfun-pump-ico-date-token-launch-price-prediction-and-much-more"},{"credibility":2,"name":"Burwick Law Probes Minor Access Claims Linked to Pumpdotfun (Crypto Times, Dec 2025)","type":"news_article","url":"https://www.cryptotimes.io/2025/12/23/burwick-law-probes-minor-access-claims-linked-to-pumpdotfun/"},{"credibility":2,"name":"Pump.fun Hit with Cease and Desist from Burwick Law Over 200+ IP-Infringing Meme Coins (CryptoNews)","type":"news_article","url":"https://cryptonews.com/news/pump-fun-hit-with-cease-desist-from-burwick-law-over-200-ip-infringing-memecoins/"},{"credibility":2,"name":"Pump.fun Seeks Multi-Million Dollar CLO Amid Ongoing Class Action (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/pump-fun-seeks-multi-million-094414432.html"}]}],"sources_used":[{"credibility":1,"name":"BATON CORPORATION LTD — Companies House (UK Government)","type":"official","url":"https://find-and-update.company-information.service.gov.uk/company/14743013"},{"credibility":1,"name":"Aguilar v. Baton Corporation Ltd. docket (CourtListener)","type":"court_filing","url":"https://www.courtlistener.com/docket/69593359/aguilar-v-baton-corporation-ltd-dba-pumpfun/"},{"credibility":1,"name":"Aguilar v. Baton Corporation Ltd. — Justia Case Page","type":"court_filing","url":"https://dockets.justia.com/docket/new-york/nysdce/1:2025cv00880/635992"},{"credibility":1,"name":"Pump.fun — FCA Warning Notice","type":"regulatory","url":"https://www.fca.org.uk/news/warnings/pumpfun"},{"credibility":1,"name":"Memecoin Factory Pump.Fun Bans UK Crypto Traders (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/policy/2024/12/06/memecoin-factory-pump-fun-bans-u-k-crypto-traders"},{"credibility":1,"name":"UK Top Financial Regulator Says Pump.fun Doesn't Have Permission (The Block)","type":"news_article","url":"https://www.theblock.co/post/329804/uk-top-financial-regulator-says-pump-fun-doesnt-have-its-permission-to-do-business-in-the-country"},{"credibility":1,"name":"Pump.fun identifies $1.9 million exploiter as former employee (The Block)","type":"news_article","url":"https://www.theblock.co/amp/post/295029/pump-fun-post-mortem"},{"credibility":1,"name":"Pump.fun exploiter reportedly arrested in London (The Block)","type":"news_article","url":"https://www.theblock.co/amp/post/295270/pump-fun-exploiter-reportedly-arrested-in-london-addresses-scandal-in-x-post"},{"credibility":1,"name":"Pump.fun Reopens Livestreaming to 5% of Users (The Block)","type":"news_article","url":"https://www.theblock.co/post/349647/memecoin-launchpad-pump-fun-reopens-livestreaming-to-5-of-users-with-stricter-moderation-rules"},{"credibility":2,"name":"Judge Dismisses Pump.fun Securities Claims and Clears Solana Labs and Foundation (Crypto Times, Sep 1, 2026)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/01/judge-dismisses-pump-fun-securities-claims-clears-solana-labs-and-foundation/"},{"credibility":2,"name":"Solana Labs Dropped from Pump Fun Suit as RICO Claims Survive Against Baton Corp (The Currency Analytics)","type":"news_article","url":"https://thecurrencyanalytics.com/altcoins/solana-labs-dropped-from-pump-fun-suit-as-rico-claims-survive-against-baton-corp-289427"},{"credibility":2,"name":"Solana Labs dropped from Burwick Law's Pump Fun lawsuit (Protos)","type":"news_article","url":"https://protos.com/solana-labs-dropped-from-burwick-laws-pump-fun-lawsuit/"},{"credibility":2,"name":"Pump.fun and Solana: USD 5.5 Billion RICO Class Action Lawsuit (Crypto Valley Journal)","type":"news_article","url":"https://cryptovalleyjournal.com/focus/legal-and-compliance/pump-fun-and-solana-5-5-billion-usd-rico-class-action-lawsuit-over-memecoin-platform/"},{"credibility":2,"name":"Pump.fun and Solana RICO Lawsuit: Aguilar v. Baton Corporation (Burwick Law)","type":"other","url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"credibility":2,"name":"Wolf Popper LLP case page: Pump.Fun memecoin","type":"other","url":"https://www.wolfpopper.com/cases-investigations/pumpfun-memecoin"},{"credibility":2,"name":"Whistleblower Drops 5,000+ Secret Chats in Pump.fun MEV Scandal (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/news/whistleblower-drops-5-000-secret-210125260.html"},{"credibility":2,"name":"Pump.fun Lawsuit Alleges 5,000-Message Plot (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/news/pump-fun-lawsuit-alleges-5-142622742.html"},{"credibility":2,"name":"MEV Lawsuit Against Pump.fun, Solana Heats Up (Unchained Crypto)","type":"news_article","url":"https://unchainedcrypto.com/mev-lawsuit-against-pump-fun-solana-heats-up/"},{"credibility":2,"name":"Judge Approves Expansion of Pump.fun Lawsuit After 5,000 Internal Chats Surface (Yellow)","type":"news_article","url":"https://yellow.com/news/judge-approves-expansion-of-solana-pumpfun-lawsuit-after-5000-internal-chats-surface"},{"credibility":2,"name":"One day after launching stock pairs, Apple delists Pump Fun app (Protos)","type":"news_article","url":"https://protos.com/one-day-after-launching-stock-pairs-apple-delists-pump-fun-app/"},{"credibility":2,"name":"Pump.fun App Vanishes From Apple's US and India Stores (Crypto Times, Sep 11, 2026)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/11/pump-fun-app-vanishes-from-apples-us-and-india-stores-funds-remain-safe/"},{"credibility":2,"name":"pump.fun Fees, Revenue and Volume (DeFiLlama)","type":"on_chain","url":"https://defillama.com/protocol/pump.fun"},{"credibility":2,"name":"Pump Fun co-founder Dylan Kerler linked to 2017 ICO scams, report (Protos)","type":"news_article","url":"https://protos.com/pump-fun-co-founder-dylan-kerler-linked-to-2017-ico-scams-report/"},{"credibility":2,"name":"Former Solana-based Pump.fun employee arrested after $1.9 million crypto exploit (CryptoSlate)","type":"news_article","url":"https://cryptoslate.com/former-solana-based-pump-fun-employee-arrested-after-1-9-million-crypto-exploit/"},{"credibility":2,"name":"Burwick Law Probes Minor Access Claims Linked to Pumpdotfun (Crypto Times, Dec 2025)","type":"news_article","url":"https://www.cryptotimes.io/2025/12/23/burwick-law-probes-minor-access-claims-linked-to-pumpdotfun/"},{"credibility":2,"name":"Pump.fun Seeks Multi-Million Dollar CLO Amid Ongoing Class Action (Yahoo Finance)","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/pump-fun-seeks-multi-million-094414432.html"},{"credibility":2,"name":"Solana, Pump.fun Named in Amended RICO Suit Alleging $5.5B Meme Coin Gambling Scheme (Decrypt)","type":"news_article","url":"https://decrypt.co/331528/solana-pump-fun-amended-rico-suit-alleging-meme-coin-gambling"},{"credibility":2,"name":"Who Is Alon Cohen, the Pump.fun Cofounder Behind PUMP (Phemex)","type":"news_article","url":"https://phemex.com/academy/alon-cohen-pump-fun-solana-meme-empire"}],"summary":"Baton Corporation Ltd is the company behind Pump.fun, a Solana-based memecoin launchpad launched on January 19, 2024, by co-founders Noah Tweedale (CEO), Alon Cohen, and Dylan Kerler. The platform generated over $850 million in cumulative fee revenue and facilitated more than 7 million token launches. As of August 31, 2026, a federal judge in the Southern District of New York allowed RICO wire fraud and unlicensed money transmission claims to proceed against Baton Corporation and all three named founders in Aguilar v. Baton Corporation Ltd., Case No. 1:25-cv-00880-CM, while dismissing securities claims and clearing Solana Labs entirely. The platform has also received a formal unauthorized-business warning from the UK Financial Conduct Authority and had its iOS app removed from the U.S. and India App Stores in September 2026.","timeline":[{"date":"2017-01-01","event":"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.","source":"Protos (citing WIRED investigation)","source_url":"https://protos.com/pump-fun-co-founder-dylan-kerler-linked-to-2017-ico-scams-report/"},{"date":"2023-03-20","event":"Baton Corporation Ltd incorporated in England under Companies House number 14743013.","source":"Companies House (UK Government)","source_url":"https://find-and-update.company-information.service.gov.uk/company/14743013"},{"date":"2024-01-19","event":"Pump.fun launches on the Solana blockchain, founded by Noah Tweedale, Alon Cohen, and Dylan Kerler.","source":"Wikipedia / Bitstamp","source_url":"https://en.wikipedia.org/wiki/Pump.fun"},{"date":"2024-05-16","event":"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.","source":"The Block","source_url":"https://www.theblock.co/amp/post/295029/pump-fun-post-mortem"},{"date":"2024-11-01","event":"Pump.fun indefinitely suspends its livestreaming feature following sustained community backlash over harmful content on streams.","source":"The Block","source_url":"https://www.theblock.co/post/349647/memecoin-launchpad-pump-fun-reopens-livestreaming-to-5-of-users-with-stricter-moderation-rules"},{"date":"2024-12-03","event":"UK Financial Conduct Authority publishes a formal warning that Pump.fun is not authorized or registered to provide financial services in the UK.","source":"FCA official warning","source_url":"https://www.fca.org.uk/news/warnings/pumpfun"},{"date":"2024-12-06","event":"Pump.fun updates its terms of service to block UK users in response to the FCA warning.","source":"CoinDesk","source_url":"https://www.coindesk.com/policy/2024/12/06/memecoin-factory-pump-fun-bans-u-k-crypto-traders"},{"date":"2025-01-30","event":"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.","source":"Wolf Popper LLP","source_url":"https://www.wolfpopper.com/news/pumpfun-token-purchase-notice-wolf-popper-llp-and-burwick-law-announce-the-filing-of-a-class-action-lawsuit-against-baton-corporation-ltd-dba-pumpfun"},{"date":"2025-07-12","event":"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.","source":"Flitpay / CoinMarketCap","source_url":"https://www.flitpay.com/blog/pumpfun-pump-ico-date-token-launch-price-prediction-and-much-more"},{"date":"2025-07-22","event":"Consolidated complaint expands to add Solana Labs, the Solana Foundation, Jito Labs, and individual executives as defendants, alleging a Solana-Pump.Fun Racketeering Enterprise.","source":"Decrypt","source_url":"https://decrypt.co/331528/solana-pump-fun-amended-rico-suit-alleging-meme-coin-gambling"},{"date":"2025-09-30","event":"Jito Labs voluntarily dismissed from the proceedings.","source":"Crypto Valley Journal","source_url":"https://cryptovalleyjournal.com/focus/legal-and-compliance/pump-fun-and-solana-5-5-billion-usd-rico-class-action-lawsuit-over-memecoin-platform/"},{"date":"2025-12-09","event":"Judge McMahon grants permission to amend the complaint after a whistleblower provides approximately 5,000 internal chat logs as new evidence.","source":"Yellow / Unchained Crypto","source_url":"https://yellow.com/news/judge-approves-expansion-of-solana-pumpfun-lawsuit-after-5000-internal-chats-surface"},{"date":"2026-01-07","event":"Second amended consolidated class action complaint filed, incorporating 5,000+ internal chat logs and RICO predicates.","source":"Burwick Law case page","source_url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"date":"2026-08-31","event":"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.","source":"Crypto Times / Protos","source_url":"https://www.cryptotimes.io/2026/09/01/judge-dismisses-pump-fun-securities-claims-clears-solana-labs-and-foundation/"},{"date":"2026-09-10","event":"Pump.fun launches Custom Pairs feature allowing memecoins quoted against tokenized stocks including Boeing, Costco, and Trump Media.","source":"Protos","source_url":"https://protos.com/one-day-after-launching-stock-pairs-apple-delists-pump-fun-app/"},{"date":"2026-09-11","event":"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.","source":"Protos / Crypto Times","source_url":"https://protos.com/one-day-after-launching-stock-pairs-apple-delists-pump-fun-app/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 496505fe-4aed-403f-a589-304a7641a303copy