CATFI
Summary
CATFI (CatFi) is a Solana-based memecoin launched in February 2025 on Pump.fun that became the subject of South Korea's first-ever criminal prosecution of a DEX-based rug pull. A group led by an individual identified by surname Park, operating under the influencer alias 'Eth Father,' allegedly pre-accumulated a dominant CATFI position, executed circular wash trades to inflate the price 1,001-fold within 26 hours, then drained all liquidity, causing 256 investors to lose approximately 900 million won (~$600,000). Five suspects were arrested on May 11, 2026, and formally indicted by the Seoul Southern District Prosecutors' Office on May 27, 2026, under South Korea's Virtual Asset User Protection Act.
Connected Entities
2 entities · 10 linked investigations- 5AKD6AqoaHxuePTZUfSkiHM6gpCT4tJ6UMrNwDZGpump→mentioned with→CATFI(50%)
Timeline(6 events)
2025-02
CATFI token launched on Pump.fun (Solana). Operators pre-accumulated a dominant position across multiple wallets prior to public promotion.
Decrypt / Tokenist2025-02
Circular wash trades and 'Eth Father' influencer promotion drive CATFI's price 1,001-fold within 26 hours, reaching a peak market cap of approximately $8.37–$8.99 million.
CryptoTimes / Decrypt2025-02
Group drains CATFI liquidity pool in a rug pull, collapsing the token price to approximately $12,170 market cap. 256 investors suffer combined losses of approximately 900 million won (~$600,000).
Decrypt / Bitcoin.com News2026-05-11
South Korean authorities arrest five suspects in the CATFI case.
Bitcoin.com News / CryptoNews2026-05-27
Seoul Southern District Prosecutors' Office formally indicts all five suspects under the Virtual Asset User Protection Act. Case characterized as South Korea's first criminal prosecution of a DEX-based rug pull. CATFI token surges approximately 5,971% on speculative trading following arrest news.
CryptoTimes / Decrypt / The BlockDecision Log
- hash: 6KU6yngTETvkcVAhoyYw5oFkREq1U8jJYeNqa2BT3hQx
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/3/2026, 5:18:02 PM
last updated: 6/3/2026, 5:18:11 PM
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