CATFI Memecoin
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anchored·4i7jfT…oHesSummary
CATFI is a Solana-based memecoin launched in early 2025 via the Pump.fun launchpad. South Korean prosecutors charged five individuals, including a ringleader known online as 'Eth Father' (surname Park), with orchestrating a rug pull that inflated the token's price approximately 1,001-fold within 26 hours before draining liquidity and abandoning the project. This case represents South Korea's first criminal prosecution of a decentralized-exchange rug pull under the Virtual Asset User Protection Act.
Connected Entities
3 entities · 60 linked investigations- CATFI Memecoin→mentioned with→Solana(80%)
- CATFI Memecoin / Eth Father (Park)→mentioned with→Solana(70%)
- CATFI Memecoin / Eth Father (Park)→mentioned with→CATFI Memecoin(80%)
- CATFI Memecoin→mentioned with→CATFI Memecoin / Eth Father (Park)(75%)
Connected Through
3 shared actors · 358 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- ♦CATFI Memecoin / Eth Father (Park)token
- ♦CATFI Memecointoken
Timeline(8 events)
2025
CATFI memecoin created on Pump.fun Solana launchpad and listed on a Solana-based DEX. Exact date within early 2025 not confirmed in public reporting.
South Korea arrests suspects behind Solana memecoin CatFi in first rugpull case under new law (The Block)2025
Within approximately 26 hours of launch, CATFI's price surged approximately 1,001-fold. Operators allegedly conducted wash trading and fake social media promotion during this period. Exact date within early 2025 not confirmed in public reporting.
South Korea charges CATFI memecoin operators in first DEX rug-pull case (CryptoBreaking)2025
Operators allegedly withdrew DEX liquidity and sold insider token positions, collapsing the token's price. Approximately 6,000 buyers were left holding worthless tokens. Exact date within early 2025 not confirmed in public reporting.
South Korea makes first DEX rug pull arrest in CATFI case (crypto.news)2025
Initial police investigation opened following victim reports. Suspects allegedly claimed their accounts had been hacked; police closed the case. Exact date not confirmed in public reporting.
South Korea Cracks Down on CatFi Rugpull (CryptoPotato)2026
South Korea's Financial Services Commission referred the CATFI matter to prosecutors after the initial police closure. The Virtual Asset Crime Joint Investigation Unit opened a formal investigation. Exact date in 2026 not confirmed in public reporting.
South Korea Makes First Arrest in Landmark CatFi Rugpull Case (Tokenist)11 May 2026
Two primary suspects, including ringleader identified by surname Park (alias 'Eth Father'), arrested by Seoul Southern District Prosecutors' Office Virtual Asset Crime Joint Investigation Unit.
South Korea makes first DEX rug pull arrest in CATFI case (crypto.news)27 May 2026
Seoul Southern District Prosecutors' Office formally indicts all five suspects. Two detained, one indicted without detention, two charged with aiding suspect flight. Case becomes South Korea's first criminal prosecution of a DEX-based rug pull under the Virtual Asset User Protection Act.
South Korea Files First DEX Fraud Case After CATFI Rug Pull Scam (CryptoTimes)27 May 2026
Following public reporting of the indictments, the defunct CATFI token experienced a secondary speculative surge of approximately 6,000%–15,299% in market capitalization before collapsing again, causing additional losses for speculative buyers.
Solana Memecoin CATFI Rockets 15,299% After Dev Arrest (DailyCoin)Decision Log
- slot 457737410 · hash Eo8KNuYmtzU8Zaacnp8HW1eDKFFiEXuGz1PRjxJ9AxfD
- slot 425424835 · hash 29xUPFmNEEagaNRDx4s9Yac8VkPA5cCJLbgA5pBcTtYM
- slot 425424830 · hash 2iFFyWS2sP4yZ3R1SmP2mCn9KS3GFpx5BXELRqq6ajf3
- slot 424319639 · hash 6zBGrsHBRj99FZpSUAyuh9t9dGxXHFYFqQf8AugZQLkd
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 13 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/4/2026, 8:52:29 PM
last updated: 6/4/2026, 8:52:29 PM
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