Audit log

Every state-changing event for Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026): 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

   2026-08-10 23:21:42Z
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   {"actor":"system:backfill","investigation_id":"b2053f83-78a0-4a66-b2cc-6cbb4bd884dd","kind":"publish","page_slug":"pump-fun-solana-labs-jito-labs-rico-mev-class-action-sdny-2026","published_at":"2026-08-10T23:21:42.505Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)","sections":[{"content":"The lawsuit, captioned Aguilar v. Baton Corporation Ltd. d/b/a Pump.Fun et al, was originally filed on January 30, 2025 in the U.S. District Court for the Southern District of New York (Case No. 1:25-cv-00880), presided over by Judge Colleen McMahon. The case was brought on behalf of retail investors who purchased memecoin tokens launched on the Pump.fun platform. A consolidated amended complaint naming Solana Labs and Jito Labs was filed July 22, 2025. Judge McMahon consolidated overlapping lawsuits, noting both sought the same relief for the same alleged violations. On December 9, 2025, Judge McMahon granted plaintiffs leave to file a second amended complaint, citing newly surfaced evidence from a confidential informant. That second amended consolidated complaint was filed on January 7, 2026. Defendants were ordered to file motions to dismiss by January 23, 2026, with opposition briefs due February 13, 2026, and replies due February 20, 2026. The class period is defined as March 1, 2024 through July 23, 2025. Plaintiffs are represented by Burwick Law and Wolf Popper LLP.","heading":"Case Overview and Procedural History","severity":"high","sources":[{"credibility":1,"name":"Aguilar v. Baton Corporation Ltd. d/b/a Pump.Fun — Justia Docket","type":"court_filing","url":"https://dockets.justia.com/docket/new-york/nysdce/1:2025cv00880/635992"},{"credibility":1,"name":"Aguilar v. Baton Corporation — CourtListener Docket","type":"court_filing","url":"https://www.courtlistener.com/docket/69593359/aguilar-v-baton-corporation-ltd-dba-pumpfun/"},{"credibility":2,"name":"US Judge Approves Amended Complaint in Pump.fun and Solana Class Action — FinanceFeeds","type":"news_article","url":"https://financefeeds.com/us-judge-approve-amended-complaint-pumpfun-solana/"},{"credibility":2,"name":"Pump.fun and Solana RICO Lawsuit: Aguilar v. Baton Corporation — Burwick Law","type":"official","url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"}]},{"content":"The original defendants named in January 2025 were Baton Corporation Ltd. (a UK-registered entity operating as Pump.fun) and its co-founders Alon Cohen, Dylan Kerler, and Noah Bernhard Hugo Tweedale. The July 2025 consolidated amended complaint expanded the defendant list to include: Solana Labs Inc. and the Solana Foundation; Solana co-founders Anatoly Yakovenko and Raj Gokal; Solana Foundation Executive Director Dan Albert, President Lily Liu, and former communications lead Austin Federa; Jito Labs Inc. and Jito Foundation; Jito CEO Lucas Bruder and COO Brian Smith; and 25 anonymous Key Opinion Leader (KOL) defendants. Named lead plaintiffs include Diego Aguilar, Kendall Carnahan, and Michael Okafor, the latter of whom alleges approximately $242,076 in individual losses. Jito Labs and its CEO were voluntarily dismissed from the case on September 26, 2025, prior to service being completed on the CEO, without any settlement payment.","heading":"Named Defendants and Plaintiffs","severity":"high","sources":[{"credibility":2,"name":"Solana and Jito Named in Pump.fun RICO Class Action — CoinGeek","type":"news_article","url":"https://coingeek.com/solana-and-jito-named-in-pump-fun-rico-class-action/"},{"credibility":2,"name":"Burwick Law Names Solana and Jito Executives in Expanded RICO Case — The Block","type":"news_article","url":"https://www.theblock.co/post/363996/burwick-law-names-solana-and-jito-executives-in-expanded-rico-case-against-pump"},{"credibility":1,"name":"Parties for Aguilar v. Baton Corporation — CourtListener","type":"court_filing","url":"https://www.courtlistener.com/docket/69593359/parties/aguilar-v-baton-corporation-ltd-dba-pumpfun/"},{"credibility":1,"name":"Crypto Developer Jito Labs Wins Dismissal of Class Action — Skadden","type":"official","url":"https://www.skadden.com/about/news-and-rankings/news/2025/10/crypto-developer-jito-labs-wins-dismissal-of-class-action"}]},{"content":"The complaint characterizes the alleged scheme as the 'Solana-Pump.Fun Racketeering Enterprise,' arguing that Pump.fun operated as 'a coordinated racketeering enterprise designed to simulate the functions of a digital casino operated illegally under the guise of meme coin creation and trading.' Alleged RICO predicate acts include: wire fraud through systematic misrepresentation of the platform as a neutral marketplace; unlicensed money transmission due to the absence of required FinCEN registration, KYC, and AML programs; unlicensed gambling, characterizing token purchases as wagering with outcomes determined by luck rather than utility; unregistered securities offerings; false advertising under New York consumer protection law; and intellectual property violations. Plaintiffs further allege that Pump.fun generated over $722.85 million in revenue from a 1% transaction fee (characterized as a 'casino rake') while retail traders sustained aggregate losses estimated at between $4 billion and $5.5 billion. The complaint states that 60% or more of 4.25 million traders experienced net losses during the class period January through December 2024. Under RICO, successful plaintiffs are entitled to treble damages, which could theoretically expose defendants to liabilities of up to $16.5 billion. The complaint also references the alleged use of Pump.fun by North Korea's Lazarus Group to launder approximately $1.5 billion from the 2025 Bybit hack via a memecoin called 'QinShihuang,' which allegedly generated $26 million in trading volume, though this allegation pertains primarily to the absence of AML controls rather than direct defendant participation.","heading":"RICO Allegations and Predicate Acts","severity":"critical","sources":[{"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":"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-project/"},{"credibility":2,"name":"Wolf Popper LLP — Pump.fun Class Action Lawsuit Expands with RICO Allegations","type":"official","url":"https://www.wolfpopper.com/news/pumpfun-class-action-lawsuit-expands-with-consolidated-amended-complaint-adding-rico-allegations-and-new-defendants"},{"credibility":2,"name":"Solana Labs, Jito Labs Hit with RICO Charges in Amended Pump Fun Fraud Lawsuit — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/solana-labs-jito-labs-hit-with-rico-charges-in-amended-pump-fun-fraud-lawsuit/"}]},{"content":"The lawsuit's MEV-related allegations focus on the alleged ability of insiders, validators, and bots to manipulate transaction ordering on the Solana blockchain to extract profit at the expense of retail users. Maximal Extractable Value (MEV) refers to the profit that block producers — or those who influence transaction sequencing — can extract by reordering, inserting, or censoring transactions within a block. In the context of Pump.fun, plaintiffs allege that the platform's bonding-curve pricing mechanism, combined with anonymous wallet access and validator-level priority controls, enabled insiders to purchase newly launched tokens at low prices before public demand was generated, effectively front-running retail buyers. The complaint describes the trading environment as one where 'what appeared to be a fair, automated marketplace was structurally tilted to extract value from ordinary users while rewarding those with privileged access to Solana's infrastructure and Jito Labs' transaction ordering tools.' Plaintiffs allege that Jito Labs' MEV infrastructure — specifically the Jito Block Engine, bundles system, and open-source tools for backrun arbitrage — provided the technical mechanism through which this prioritization occurred. One industry observer, Tommy Shaughnessy, characterized this framing skeptically, stating that the plaintiffs were 'twisting standard MEV mechanics and neutral infrastructure to appear as a secret inside lane.' The SEC's February 2025 clarification that memecoins do not constitute securities meant the complaint does not invoke unregistered securities claims for the tokens themselves, though it does allege broader securities fraud as a RICO predicate.","heading":"MEV Mechanism at the Center of the Claims","severity":"high","sources":[{"credibility":2,"name":"MEV Lawsuit Against Pump.fun, Solana Heats Up — Unchained","type":"news_article","url":"https://unchainedcrypto.com/mev-lawsuit-against-pump-fun-solana-heats-up/"},{"credibility":3,"name":"What Is the Solana Lawsuit About? Pump.fun, MEV, and Centralization Claims — Bitrue","type":"news_article","url":"https://www.bitrue.com/blog/solana-lawsuit-pump-fun-mev-centralization"},{"credibility":2,"name":"Pump.fun and Solana Face Long Legal Battle as Class Action Proceeds — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/pump-fun-solana-class-action-lawsuit/"}]},{"content":"Plaintiffs assign distinct roles to each defendant group within the alleged enterprise. Pump.fun / Baton Corporation Ltd. is alleged to be the primary operator of the 'digital casino,' responsible for token launch mechanics, the bonding-curve pricing system that creates rapid price movements, collection of transaction fees, failure to implement KYC/AML controls, and promotion of tokens through coordinated KOL campaigns. Its co-founders Cohen, Kerler, Tweedale, and Bernhard are alleged to have directed these activities. Solana Labs and the Solana Foundation are alleged to have provided and maintained the blockchain infrastructure on which Pump.fun operates, monetized the activity through blockspace fees and SOL price appreciation, and allegedly structured activities to avoid U.S. regulatory oversight while continuing to benefit from U.S.-based trading volume. The complaint alleges that Solana co-founders Yakovenko and Gokal, along with Foundation executives Albert, Liu, and Federa, were knowing participants. Jito Labs was alleged to have provided the MEV tooling and validator control infrastructure that enabled preferential transaction ordering; however, Jito Labs and its CEO were voluntarily dismissed from the case on September 26, 2025 after Skadden's motion to dismiss argued that plaintiffs had failed to establish that Jito Labs had 'any relationship with, involvement in or control over the Pump.fun platform.' The dismissal was without prejudice and without any settlement consideration, suggesting the possibility of re-filing if new evidence emerges.","heading":"Role of Each Defendant","severity":"high","sources":[{"credibility":2,"name":"Lawsuit Names Solana and Jito Execs in Pump.fun Fraud Case — Unchained","type":"news_article","url":"https://unchainedcrypto.com/lawsuit-names-solana-and-jito-execs-in-pump-fun-fraud-case/"},{"credibility":1,"name":"Crypto Developer Jito Labs Wins Dismissal of Class Action — Skadden","type":"official","url":"https://www.skadden.com/about/news-and-rankings/news/2025/10/crypto-developer-jito-labs-wins-dismissal-of-class-action"},{"credibility":2,"name":"Solana, Jito Executives Named in Expanded $722M Pump.fun Lawsuit — CoinEdition","type":"news_article","url":"https://coinedition.com/solana-jito-executives-named-in-expanded-722m-pump-fun-lawsuit/"}]},{"content":"A significant development in the case was the emergence of a confidential informant who provided plaintiffs' counsel with allegedly internal communications. The informant, who had been unreachable for several months, re-contacted Burwick Law in early September 2025 and supplied approximately 5,000 internal chat logs — a figure later reported to have grown to over 15,000 total records as of early 2026. Plaintiffs characterized the logs as containing 'contemporaneous discussions about transaction ordering, validator behavior, priority execution, token-launch mechanics, and coordination across entities named in the suit,' and alleged the messages showed Pump.fun staff, Solana engineers, and Jito Labs executives coordinating insider advantages in real time. Judge McMahon granted leave to incorporate this material in a second amended complaint via a December 9, 2025 order. The authenticity and provenance of the chat logs have not been independently verified by courts as of publicly available reporting through August 2026. Defendants are expected to challenge the admissibility and authenticity of the alleged communications in their motions to dismiss and potentially through subsequent discovery disputes.","heading":"Whistleblower Evidence and Internal Communications","severity":"high","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":"Judge Approves Expansion of Solana Pump.fun Lawsuit After 5,000 Internal Chats Surface — Yellow.com","type":"news_article","url":"https://yellow.com/news/judge-approves-expansion-of-solana-pumpfun-lawsuit-after-5000-internal-chats-surface"},{"credibility":3,"name":"Annual Review of the Pump.fun Lawsuit: 15,000 Chat Records — Bitget News","type":"news_article","url":"https://www.bitget.com/news/detail/12560605120230"}]},{"content":"As of publicly available reporting through August 2026, no official substantive statement addressing the RICO allegations has been issued by Pump.fun, Solana Labs, the Solana Foundation, or their individual named executives. A Pump.fun spokesperson declined to comment when contacted by Decrypt at the time of the July 2025 amended complaint filing. Solana Foundation and Solana Labs did not respond to press inquiries from multiple outlets. Jito Labs took an active legal defense posture: represented by Alexander Drylewski of Skadden, Arps, Slate, Meagher & Flom LLP, it filed a motion to dismiss on September 5, 2025, arguing that plaintiffs had not pleaded any factual basis connecting Jito Labs to Pump.fun's operations or platform control. Plaintiffs voluntarily dismissed claims against Jito Labs and its CEO on September 26, 2025 — before the CEO had been served — without settlement. For the remaining defendants, motions to dismiss were due January 23, 2026, with briefing concluding by February 20, 2026. No ruling on those motions has been publicly reported as of August 2026, indicating the case remains in pre-discovery motion practice.","heading":"Defendants' Responses and Legal Strategy","severity":"medium","sources":[{"credibility":1,"name":"Crypto Developer Jito Labs Wins Dismissal of Class Action — Skadden","type":"official","url":"https://www.skadden.com/about/news-and-rankings/news/2025/10/crypto-developer-jito-labs-wins-dismissal-of-class-action"},{"credibility":2,"name":"Solana, Pump.fun Named in Amended RICO Suit — Decrypt","type":"news_article","url":"https://decrypt.co/331528/solana-pump-fun-amended-rico-suit-alleging-meme-coin-gambling"},{"credibility":2,"name":"Pump.fun Lawsuit Update: Judge Permits Second Amended Complaint — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2025/12/16/pump-fun-lawsuit-update-judge-permits-second-amended-complaint/"}]},{"content":"Legal observers have offered mixed assessments of the lawsuit's viability. Attorney Andrew Rossow, commenting to Decrypt, cautioned that 'if your rails are facilitating activities in a legal gray zone, expect to be in the spotlight, sometimes unwillingly' — suggesting infrastructure providers face meaningful legal exposure even absent direct intent. Industry analyst Tommy Shaughnessy characterized the MEV framing skeptically, arguing that plaintiffs were 'twisting standard MEV mechanics and neutral infrastructure to appear as a secret inside lane,' a view consistent with the defense position Skadden advanced for Jito Labs, which succeeded in obtaining dismissal. The RICO framing presents both strategic advantages and legal challenges for plaintiffs. RICO's pattern-of-racketeering-activity requirement demands at least two predicate acts within a ten-year period and proof of an 'enterprise' with continuity and relatedness — requirements courts apply with scrutiny. The gambling characterization of memecoins has not been adjudicated in federal court, and the SEC's February 2025 guidance that memecoins do not constitute securities removes one potential predicate from the securities fraud count. The Peraire-Bueno brothers' criminal MEV trial in the Eastern District of New York, which began October 2025 concerning a $25 million Ethereum MEV exploit, created a parallel legal landscape in which prosecutors and defense attorneys actively disputed whether MEV manipulation constitutes fraud — with potential implications for civil RICO MEV claims more broadly. The lawsuit's use of PACER-accessible filings and the involvement of established class-action firms (Burwick Law, Wolf Popper) suggest the case has cleared basic viability thresholds. However, the voluntary dismissal of Jito Labs before service was completed represents a significant early setback for the plaintiffs' theory of coordinated infrastructure liability.","heading":"Legal Merits and Expert Commentary","severity":"medium","sources":[{"credibility":2,"name":"Solana, Pump.fun Named in Amended RICO Suit — Decrypt","type":"news_article","url":"https://decrypt.co/331528/solana-pump-fun-amended-rico-suit-alleging-meme-coin-gambling"},{"credibility":2,"name":"MEV Trading Returns to Court in Pump.fun Class-Action Lawsuit — TradingView/CoinTelegraph","type":"news_article","url":"https://www.tradingview.com/news/cointelegraph:d91f84cf9094b:0-mev-trading-returns-to-court-in-pump-fun-class-action-lawsuit/"},{"credibility":2,"name":"MIT Graduates on Trial: The $25 Million Ethereum Heist and the MEV Defense — Financial Content","type":"news_article","url":"https://markets.financialcontent.com/wral/article/breakingcrypto-2025-10-14-mit-graduates-on-trial-the-25-million-ethereum-heist-and-the-outsmarting-bots-defense"},{"credibility":1,"name":"US Digital Asset Disputes Updater — Norton Rose Fulbright","type":"research","url":"https://www.nortonrosefulbright.com/en/inside-fintech/blog/2025/02/us-digital-asset-disputes-updater---19-february-2025"}]},{"content":"The Pump.fun class action exists within a broader and rapidly developing body of MEV-related litigation. The most directly comparable case is United States v. Peraire-Bueno, the criminal prosecution of MIT graduates Anton and James Peraire-Bueno in the Eastern District of New York for alleged manipulation of Ethereum's MEV-Boost relay infrastructure to steal approximately $25 million from MEV bots in 2023. That trial, which began October 15, 2025, featured extensive argument over whether MEV manipulation constitutes computer fraud or legitimate competitive trading strategy, with prosecutors describing a 'bait-and-switch' targeting automated bots and defense counsel characterizing the conduct as aggressive but lawful exploitation of blockchain design. The outcome of the Peraire-Bueno criminal trial may inform how courts approach the civil RICO MEV claims in the Pump.fun case. More broadly, crypto-related class action filings in U.S. federal courts surged in 2025, with six cases filed in the first half of the year approaching the total filed in all of 2024. The Pump.fun lawsuit is among the first to apply RICO specifically to blockchain-layer MEV infrastructure rather than to exchange operators or token issuers directly.","heading":"Broader MEV Litigation Landscape","severity":"medium","sources":[{"credibility":2,"name":"US Prosecutors Challenge Crypto Policy Arguments in MEV Bot Trial — Blockchain.news","type":"news_article","url":"https://blockchain.news/news/us-prosecutors-challenge-crypto-policy-arguments-mev-bot-trial"},{"credibility":2,"name":"MIT Graduates on Trial: The $25 Million Ethereum Heist — Financial Content","type":"news_article","url":"https://markets.financialcontent.com/wral/article/breakingcrypto-2025-10-14-mit-graduates-on-trial-the-25-million-ethereum-heist-and-the-outsmarting-bots-defense"},{"credibility":2,"name":"Pump Fun Slot Machine Lawsuit Threatens Solana Ecosystem — CoinCodex","type":"news_article","url":"https://coincodex.com/article/70589/pump-fun-slot-machine-lawsuit-threatens-solana-ecosystem"}]},{"content":"Solana's token price (SOL) experienced downward pressure coinciding with major lawsuit developments. Reports from January 27, 2026 noted that SOL declined amid the combination of the ongoing lawsuit and macroeconomic uncertainty. The case has drawn attention to structural questions about the Solana ecosystem's validator concentration, the role of Jito Labs' block engine in transaction sequencing, and the absence of regulatory safeguards on permissionless token launchpads. Pump.fun was, at the time the lawsuit was filed, one of the highest-revenue protocols in the Solana ecosystem, having generated over $722 million in fees. The lawsuit's class period of March 2024 through July 2025 covers the peak of Pump.fun's growth and the broader memecoin trading frenzy of that period. The absence of any KYC, AML, or age verification on Pump.fun is not disputed; the legal question is whether such absence constitutes federal criminal liability under RICO or is simply regulatory non-compliance subject to civil administrative action.","heading":"Market and Ecosystem Impact","severity":"medium","sources":[{"credibility":3,"name":"Solana Price Plummets Amid Pump.fun Lawsuit and Macroeconomic Uncertainty — CoinAlertNews","type":"news_article","url":"https://coinalertnews.com/news/2026/01/27/solana-price-drops-lawsuit-macro-fears"},{"credibility":2,"name":"What RICO Claims Against Pump.fun Mean For Solana — Yellow.com","type":"news_article","url":"https://yellow.com/news/what-rico-claims-against-pumpfun-mean-for-solana"},{"credibility":2,"name":"$5.5B Lawsuit Hits Pump.Fun, Solana & Jito — Hodder Law","type":"research","url":"https://hodder.law/pumpfun-solana-jito-lawsuit-2025/"}]}],"sources_used":[{"credibility":1,"name":"Aguilar v. Baton Corporation Ltd. d/b/a Pump.Fun — Justia Docket (1:2025cv00880)","type":"court_filing","url":"https://dockets.justia.com/docket/new-york/nysdce/1:2025cv00880/635992"},{"credibility":1,"name":"Aguilar v. Baton Corporation — CourtListener","type":"court_filing","url":"https://www.courtlistener.com/docket/69593359/aguilar-v-baton-corporation-ltd-dba-pumpfun/"},{"credibility":1,"name":"Crypto Developer Jito Labs Wins Dismissal of Class Action — Skadden","type":"official","url":"https://www.skadden.com/about/news-and-rankings/news/2025/10/crypto-developer-jito-labs-wins-dismissal-of-class-action"},{"credibility":2,"name":"Pump.fun and Solana RICO Lawsuit: Aguilar v. Baton Corporation — Burwick Law","type":"official","url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"credibility":2,"name":"Wolf Popper LLP — Pump.fun Class Action RICO Allegations","type":"official","url":"https://www.wolfpopper.com/news/pumpfun-class-action-lawsuit-expands-with-consolidated-amended-complaint-adding-rico-allegations-and-new-defendants"},{"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":"Burwick Law Names Solana and Jito Executives in Expanded RICO Case — The Block","type":"news_article","url":"https://www.theblock.co/post/363996/burwick-law-names-solana-and-jito-executives-in-expanded-rico-case-against-pump"},{"credibility":2,"name":"Solana and Jito Named in Pump.fun RICO Class Action — CoinGeek","type":"news_article","url":"https://coingeek.com/solana-and-jito-named-in-pump-fun-rico-class-action/"},{"credibility":2,"name":"Solana Labs, Jito Labs Hit with RICO Charges in Amended Pump Fun Fraud Lawsuit — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/solana-labs-jito-labs-hit-with-rico-charges-in-amended-pump-fun-fraud-lawsuit/"},{"credibility":2,"name":"MEV Lawsuit Against Pump.fun, Solana Heats Up — Unchained","type":"news_article","url":"https://unchainedcrypto.com/mev-lawsuit-against-pump-fun-solana-heats-up/"},{"credibility":2,"name":"Lawsuit Names Solana and Jito Execs in Pump.fun Fraud Case — Unchained","type":"news_article","url":"https://unchainedcrypto.com/lawsuit-names-solana-and-jito-execs-in-pump-fun-fraud-case/"},{"credibility":2,"name":"US Judge Approves Amended Complaint in Pump.fun and Solana Class Action — FinanceFeeds","type":"news_article","url":"https://financefeeds.com/us-judge-approve-amended-complaint-pumpfun-solana/"},{"credibility":2,"name":"Pump.fun and Solana: USD 5.5 Billion RICO Class Action — 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-project/"},{"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":"Judge Approves Expansion of Solana Pump.fun Lawsuit After 5,000 Internal Chats Surface — Yellow.com","type":"news_article","url":"https://yellow.com/news/judge-approves-expansion-of-solana-pumpfun-lawsuit-after-5000-internal-chats-surface"},{"credibility":2,"name":"Pump.fun and Solana Face Long Legal Battle — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/pump-fun-solana-class-action-lawsuit/"},{"credibility":2,"name":"US Prosecutors Challenge Crypto Policy Arguments in MEV Bot Trial — Blockchain.news","type":"news_article","url":"https://blockchain.news/news/us-prosecutors-challenge-crypto-policy-arguments-mev-bot-trial"},{"credibility":2,"name":"MIT Graduates on Trial: The $25 Million Ethereum Heist — Financial Content","type":"news_article","url":"https://markets.financialcontent.com/wral/article/breakingcrypto-2025-10-14-mit-graduates-on-trial-the-25-million-ethereum-heist-and-the-outsmarting-bots-defense"},{"credibility":1,"name":"US Digital Asset Disputes Updater — Norton Rose Fulbright","type":"research","url":"https://www.nortonrosefulbright.com/en/inside-fintech/blog/2025/02/us-digital-asset-disputes-updater---19-february-2025"},{"credibility":2,"name":"Pump.fun Faces $5.5B Class Action Alleging Unlicensed Casino — CryptoNews","type":"news_article","url":"https://cryptonews.com/news/pump-fun-accused-of-running-unlicensed-casino-in-5-5b-class-action-lawsuit/"},{"credibility":3,"name":"Annual Review of the Pump.fun Lawsuit: 15,000 Chat Records — Bitget News","type":"news_article","url":"https://www.bitget.com/news/detail/12560605120230"},{"credibility":2,"name":"$5.5B Lawsuit Hits Pump.Fun, Solana and Jito — Hodder Law","type":"research","url":"https://hodder.law/pumpfun-solana-jito-lawsuit-2025/"}],"summary":"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.","timeline":[{"date":"2024-03-01","event":"Class period begins — plaintiffs define start of alleged Solana-Pump.Fun Racketeering Enterprise activity","source":"Burwick Law case page","source_url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"date":"2025-01-30","event":"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","source":"Justia Docket","source_url":"https://dockets.justia.com/docket/new-york/nysdce/1:2025cv00880/635992"},{"date":"2025-02-01","event":"SEC clarifies that memecoins do not constitute securities, removing one potential predicate from unregistered securities claims","source":"Decrypt","source_url":"https://decrypt.co/331528/solana-pump-fun-amended-rico-suit-alleging-meme-coin-gambling"},{"date":"2025-07-22","event":"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","source":"CoinGeek","source_url":"https://coingeek.com/solana-and-jito-named-in-pump-fun-rico-class-action/"},{"date":"2025-07-23","event":"Class period ends per complaint definition","source":"Burwick Law case page","source_url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"date":"2025-09-05","event":"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","source":"Skadden","source_url":"https://www.skadden.com/about/news-and-rankings/news/2025/10/crypto-developer-jito-labs-wins-dismissal-of-class-action"},{"date":"2025-09-01","event":"Confidential informant re-contacts Burwick Law with approximately 5,000 internal chat logs allegedly documenting coordination among Pump.fun, Solana, and Jito personnel","source":"Yahoo Finance","source_url":"https://finance.yahoo.com/news/whistleblower-drops-5-000-secret-210125260.html"},{"date":"2025-09-26","event":"Plaintiffs voluntarily dismiss claims against Jito Labs and its CEO without any settlement payment, before CEO was served with process","source":"Skadden","source_url":"https://www.skadden.com/about/news-and-rankings/news/2025/10/crypto-developer-jito-labs-wins-dismissal-of-class-action"},{"date":"2025-09-30","event":"Judge Colleen McMahon so-orders the voluntary dismissal of Jito Labs and its CEO","source":"Skadden","source_url":"https://www.skadden.com/about/news-and-rankings/news/2025/10/crypto-developer-jito-labs-wins-dismissal-of-class-action"},{"date":"2025-10-15","event":"Peraire-Bueno brothers' criminal MEV trial begins in EDNY, creating parallel judicial consideration of whether MEV manipulation constitutes fraud","source":"Financial Content / BreakingCrypto","source_url":"https://markets.financialcontent.com/wral/article/breakingcrypto-2025-10-14-mit-graduates-on-trial-the-25-million-ethereum-heist-and-the-outsmarting-bots-defense"},{"date":"2025-12-09","event":"Judge McMahon grants plaintiffs leave to file second amended complaint incorporating the internal chat logs","source":"FinanceFeeds","source_url":"https://financefeeds.com/us-judge-approve-amended-complaint-pumpfun-solana/"},{"date":"2026-01-07","event":"Second amended consolidated class action complaint filed, incorporating over 5,000 internal chat logs and naming 25 anonymous KOL defendants","source":"Burwick Law case page","source_url":"https://www.burwick.law/active-cases/pump-fun-and-solana-rico-lawsuit-aguilar-v-baton-corporation"},{"date":"2026-01-23","event":"Deadline for remaining defendants to file motions to dismiss the second amended complaint","source":"FinanceFeeds","source_url":"https://financefeeds.com/us-judge-approve-amended-complaint-pumpfun-solana/"},{"date":"2026-02-13","event":"Plaintiffs' opposition to motions to dismiss due","source":"FinanceFeeds","source_url":"https://financefeeds.com/us-judge-approve-amended-complaint-pumpfun-solana/"},{"date":"2026-02-20","event":"Defendants' reply briefs due; briefing on motions to dismiss concludes","source":"FinanceFeeds","source_url":"https://financefeeds.com/us-judge-approve-amended-complaint-pumpfun-solana/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 947404f2-523a-483d-8bd9-27825bfd36f1copy