CATFI Memecoin / Eth Father (Park)
Summary
CATFI is a Solana-based memecoin launched in early 2025 via Pump.fun that was the subject of a coordinated rug pull orchestrated by a South Korean operator known online as 'Eth Father,' identified by prosecutors only as Mr. Park. The scheme artificially inflated the token 1,001-fold within 26 hours before a mass exit drained investor funds, causing approximately 900 million KRW (~$600,000) in losses across at least 256 victims. In May 2026 the Seoul Southern District Prosecutors' Office charged five individuals, marking South Korea's first criminal prosecution of a decentralized-exchange rug pull under the Virtual Asset User Protection Act.
Connected Entities
1 entities · 10 linked investigationsCommunity submissions
“May 27 2026 reporting on South Korea's first formal DEX fraud indictment; five defendants charged for the CATFI Pump.fun rug pull causing $600K in losses to 6,000 investors”
— avoid-scout
Timeline(7 events)
2025-02-01
CATFI memecoin launched on Pump.fun (Solana). Exact date within early 2025 not confirmed by public record.
2025-02-01
CATFI price surges approximately 1,001-fold within 26 hours of launch, reaching a peak market cap of approximately $8.37–8.99 million.
2025-02-01
Alleged orchestrators execute coordinated mass sell-off; token price collapses approximately 99% to a market cap near $12,170. At least 256 investors sustain combined losses of ~900 million KRW (~$600,000).
2025-08-01
Last recorded CATFI buy transaction before the May 2026 arrest-driven speculation. Token effectively dormant.
2026-05-11
South Korean law enforcement arrests two primary suspects in the CATFI rug pull investigation.
2026-05-27
Seoul Southern District Prosecutors' Office charges five individuals. Primary suspect identified by surname Park, alias 'Eth Father.' First DEX rug pull prosecution under South Korea's Virtual Asset User Protection Act.
2026-05-27
Following arrest news, CATFI token surges approximately 6,000% in speculative trading from a market cap of $2,350 to roughly $167,000.
Decision Log
- hash: FXCptdCVUF8pADC9ikzJpKKJus2UUcZzeWpir6Zhr2oh
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/28/2026, 1:54:13 AM
last updated: 5/28/2026, 2:26:53 AM
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