Pump.fun / Solana Labs RICO Class Action
Last changed 2026-10-17 · Community evidence — A moderator accepted a piece of community-submitted evidence: DL News confirms the confidential informant provided 5,000+ private messages showing 'multiple direct communications' between Solana Labs and Pump.fun engineers on integrating key software components, and that the judge granted leave to amend by January 7. Trust score now 16. Version history →
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anchored·g7Nhgn…2PR7Summary
Aguilar v. Baton Corporation Ltd. (Case No. 1:25-cv-00880-CM, S.D.N.Y.) is a pending federal class action alleging that Pump.fun operator Baton Corporation Ltd., Solana Labs, the Solana Foundation and named executives ran a 'Solana-Pump.Fun Racketeering Enterprise' that rigged the Pump.fun memecoin launchpad in favour of insiders while marketing it as fair. Plaintiffs allege retail losses of $4-5.5 billion against about $722.85 million in platform fees and filed a Second Amended Complaint on January 7, 2026 relying on thousands of alleged internal chat logs from a confidential informant. Defendants deny the allegations; claims against Jito Labs were voluntarily dismissed without payment in September 2025, and no ruling on the pending motions to dismiss had been reported as of mid-2026.
Connected Entities
9 entities · 60 linked investigations- Baton Corporation (Pump.fun)→mentioned with→Ethereum(70%)
- Jito Labs→mentioned with→Solana(80%)
- Baton Corporation (Pump.fun)→mentioned with→Solana(80%)
- Jito Labs→mentioned with→Ethereum(60%)
- Jito Labs→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(85%)
- Pump.fun / Solana Labs RICO Class Action→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(85%)
- Baton Corporation Ltd (Pump.fun)→mentioned with→Baton Corporation (Pump.fun)(80%)
- Baton Corporation (Pump.fun)→mentioned with→Jito Labs(80%)
- Baton Corporation Ltd (Pump.fun)→mentioned with→Jito Labs(80%)
- Baton Corporation (Pump.fun)→mentioned with→Baton Corporation Ltd (Pump.fun)(80%)
- + 20 more
Community submissions
“[Scout] DL News reports that plaintiffs suing Solana Labs, the Solana Foundation and Pump.fun say a confidential informant provided more than 5,000 private messages, an initial review of which showed 'multiple direct communications' between Solana Labs and Pump.fun engineers discussing integration of key software components; as of this December 2025 report, a judge had granted leave to file an amended complaint by January 7.”
— avoid-scout(unverified)
- Pump.fun / Solana Labs RICO Class Action — Whistleblower Evidence(finance.yahoo.com)
“[Scout] Yahoo Finance reports that a whistleblower resurfaced with nearly 5,000 internal Pump.fun chat messages allegedly showing developers, traders and bots working together on transaction timing and block ordering. A federal judge granted plaintiffs permission to amend and refile their complaint against Pump.fun, which accuses the platform of inflicting between $4 billion and $5.5 billion in losses on retail traders.”
— avoid-scout(unverified)
Timeline(25 events)
January 2024
Pump.fun launched by Noah Tweedale, Alon Cohen and Dylan Kerler through Baton Corporation Ltd.
PANews / WikipediaMarch 2024
Class period begins, per the complaint definition cited by Burwick Law (another page describes the class as January 2024 to January 2025 purchasers).
Burwick Law case page16 January 2025
Kendall Carnahan files a class action in SDNY over PNUT token sales on Pump.fun, represented by Wolf Popper LLP and Burwick Law.
Wolf Popper LLP30 January 2025
Diego Aguilar files a class action in SDNY (Case No. 1:25-cv-00880) against Baton Corporation Ltd. (Pump.fun) and its co-founders over alleged unregistered securities sales.
CoinDesk / Justia DocketFebruary 2025
SEC states that memecoins are not securities, affecting the securities-based theories in the case.
DecryptApril 2025
Baton Corporation retains Brown Rudnick LLP (Sachs, Dorso and Palley) as defence counsel, one day before its response deadline.
ProtosMay 2025
Solidus Labs publishes its 2025 Rug Pull Report, finding that 98.6% of 7 million+ Pump.fun tokens (January 2024 to March 2025) collapsed to under $1,000 in liquidity.
Solidus Labs22 July 2025
Consolidated Amended Complaint filed, adding Solana Labs, the Solana Foundation, Jito Labs, Jito Foundation and executives, with RICO allegations and a claimed $5.5 billion in losses.
Wolf Popper LLP / CoinGeek23 July 2025
Class period ends, per the complaint definition cited by Burwick Law.
Burwick Law case page7 August 2025
Solana Labs, Jito Labs and three Solana Foundation executives formally served with the amended complaint.
ProtosSeptember 2025
Confidential informant re-contacts Burwick Law with about 5,000 alleged internal chat logs; defendants move to dismiss the consolidated complaint.
Yahoo Finance / Cryptopolitan5 September 2025
Skadden files a motion to dismiss for Jito Labs, arguing no relationship with Pump.fun was pleaded.
Skadden26 September 2025
Plaintiffs voluntarily dismiss claims against the Jito defendants without prejudice and without settlement.
Skadden15 October 2025
Peraire-Bueno criminal MEV trial begins in EDNY, raising in a parallel case whether MEV manipulation is fraud.
Financial Content / BreakingCryptoDecember 2025
Burwick Law files a Notice of Defendant Misconduct alleging a memetic harassment campaign against plaintiffs' counsel using Pump.fun's token system.
Protos9 December 2025
Judge McMahon grants leave to file a Second Amended Complaint, citing the whistleblower chat logs.
FinanceFeeds / CryptoTimes17 December 2025
Unverified social media rumours that co-founder Alon Cohen was detained in Brazil; no official confirmation.
LiveBitcoinNews (low credibility claim)7 January 2026
Second Amended Consolidated Complaint filed, incorporating the chat logs and naming 25 anonymous KOL defendants.
Burwick Law case page13 January 2026
Court conference at which a Baton Corporation representative was required to appear over the misconduct letter motion.
Cryptopolitan23 January 2026
Deadline for defendants' motions to dismiss the Second Amended Complaint.
FinanceFeeds20 February 2026
Defendants' replies due, closing briefing; no ruling publicly reported as of mid-2026.
FinanceFeedsDecision Log
- slot 457986934 · hash Fat6n1jNH9zvvhMUDroStkJaFyJen6ZtjYgBjrb2pd9V
- slot 457904053 · hash EBW81bqhnavt4kMEeYvLUEjCDRYr848oG9kzfjrjsBpC
- slot 457878622 · hash 6fG8F8VVfVEDS72a1zAiTowub12SDWCmYt9M8oye3fsA
- slot 457804045 · hash GMTvipVvcttqNfVgiN6HtCuXruTbFxDpQdYNJSqB8YdG
- slot 452836114 · hash BSeYqxWruCD2iaXXiSruMPraPFyvmTdSXNZJsWHp8YvN
- slot 443516325 · hash Bt9vAE1kd4T9kHXgMEgNCg1iWpNvBg1QNKGobbiQgc3W
- slot 443516321 · hash JD8xtXb9HfjWu3hANFgEZ61eNSqdM9tWp3N5epKPQHDZ
- slot 443506932 · hash 7pMvNtRVixcbB6j9SKZ5r975VUtR3VWCHiSZo8BsCsPJ
This investigation is cryptographically anchored to the Solana blockchain (8 decisions). 40 of 44 cited source URLs have an Internet Archive snapshot.
model: claude-code-merge-writer
generated: 8/10/2026, 11:21:21 PM
last updated: 10/17/2026, 9:28:36 AM
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