Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)
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anchored·g7Nhgn…2PR7Summary
Aguilar v. Baton Corporation Ltd. (Case No. 1:25-cv-00880-CM) is a federal class action lawsuit filed in the U.S. District Court for the Southern District of New York against Pump.fun operator Baton Corporation Ltd., Solana Labs, the Solana Foundation, and their named executives, alleging a coordinated RICO racketeering enterprise centered on the Pump.fun memecoin launchpad. A second amended consolidated complaint was filed January 7, 2026, supported by over 5,000 alleged internal chat logs, and seeks between $4 billion and $5.5 billion in compensatory damages — potentially tripled under RICO. Jito Labs, initially named as a co-defendant for alleged MEV-enabling conduct, obtained a voluntary dismissal of claims against it in September 2025 without any settlement payment.
Connected Entities
1 entities · 10 linked investigations- + 5 more
Community submissions
- Under reviewincriminatingWayback pending8/29/2026, 10:11:57 PM
“Whistleblower submission of 5,000 internal messages materially strengthens the RICO case; judge granted leave for second amended complaint expanding defendant list.”
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- Under reviewincriminatingWayback pending8/23/2026, 11:12:54 AM
“DL News reporting on 5,000+ whistleblower chat logs expanding the SDNY RICO suit; directly names Solana Labs and Pump.fun engineers in coordination allegations — material new legal development”
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- Under reviewincriminatingWayback pending8/12/2026, 11:10:29 AM
“[Scout] A federal judge approved an expanded second amended complaint after a confidential informant produced nearly 5,000 internal Pump.fun chat logs. New claims add RICO racketeering counts, Securities Act violations, and New York business law claims — substantially expanding scope and defendant liability beyond the original filing. This is a major procedural escalation for the existing case.”
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Timeline(15 events)
March 2024
Class period begins — plaintiffs define start of alleged Solana-Pump.Fun Racketeering Enterprise activity
Burwick Law case page30 January 2025
Original class action complaint filed in SDNY (Case No. 1:25-cv-00880) by Burwick Law against Baton Corporation Ltd. (Pump.fun) and co-founders
Justia DocketFebruary 2025
SEC clarifies that memecoins do not constitute securities, removing one potential predicate from unregistered securities claims
Decrypt22 July 2025
Consolidated amended complaint filed, expanding defendants to include Solana Labs, Solana Foundation, Jito Labs, and named executives of all three entities; RICO allegations formally introduced
CoinGeek5 September 2025
Skadden files motion to dismiss on behalf of Jito Labs, arguing plaintiffs failed to establish any relationship between Jito Labs and Pump.fun's platform
SkaddenSeptember 2025
Confidential informant re-contacts Burwick Law with approximately 5,000 internal chat logs allegedly documenting coordination among Pump.fun, Solana, and Jito personnel
Yahoo Finance26 September 2025
Plaintiffs voluntarily dismiss claims against Jito Labs and its CEO without any settlement payment, before CEO was served with process
Skadden30 September 2025
Judge Colleen McMahon so-orders the voluntary dismissal of Jito Labs and its CEO
Skadden15 October 2025
Peraire-Bueno brothers' criminal MEV trial begins in EDNY, creating parallel judicial consideration of whether MEV manipulation constitutes fraud
Financial Content / BreakingCrypto9 December 2025
Judge McMahon grants plaintiffs leave to file second amended complaint incorporating the internal chat logs
FinanceFeeds7 January 2026
Second amended consolidated class action complaint filed, incorporating over 5,000 internal chat logs and naming 25 anonymous KOL defendants
Burwick Law case page23 January 2026
Deadline for remaining defendants to file motions to dismiss the second amended complaint
FinanceFeedsDecision Log
- hash: Bt9vAE1kd4T9kHXgMEgNCg1iWpNvBg1QNKGobbiQgc3W
- hash: JD8xtXb9HfjWu3hANFgEZ61eNSqdM9tWp3N5epKPQHDZ
- hash: 7pMvNtRVixcbB6j9SKZ5r975VUtR3VWCHiSZo8BsCsPJ
This investigation is cryptographically anchored to the Solana blockchain (3 events). 19 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/10/2026, 11:21:21 PM
last updated: 8/25/2026, 7:10:29 PM
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