pump.fun
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·3JgeRP…opMoSummary
pump.fun (operated by Baton Corporation Ltd., also listed on AVOID.NET as 'pumpdotfun') is a Solana-based meme token launchpad that launched in January 2024 and rapidly became one of the most-used token creation platforms in crypto, generating over $800 million in cumulative revenue and more than 11.9 million tokens. The platform is subject to an active RICO class action lawsuit in the SDNY alleging up to $5.5 billion in retail losses, a UK FCA regulatory ban, a $1.9 million insider flash loan exploit, documented use by North Korea's Lazarus Group for money laundering, and independent research classifying 98.6% of its tokens as rug pulls or fraud.
Connected Entities
178 entities · 60 linked investigations- Pump (PUMP)→associated with→pump.fun(80%)
- AqMcVb…Tnac→associated with→Pump(60%)
- nAdG2t…sCct→associated with→Pump(60%)
- 11VfMF…jcXZ→associated with→Pump(60%)
- 6zgDLM…ne8K→associated with→Pump(60%)
- 85WTuj…5ERS→controls→Pump(45%)
- Aq93J7…oU9k→associated with→Pump(60%)
- As7ma2…zxKf→associated with→Pump(60%)
- 8UhbNo…TogC→controls→Pump(59%)
- ERRGqu…dNYa→controls→Pump(43%)
- + 202 more
Live On-Chain Activity
1 address watched · via HeliusTimeline(15 events)
19 January 2024
pump.fun launches on Solana as a meme token launchpad with a bonding curve mechanism.
16 May 2024
Former employee Jarett Dunn (STACCOverflow) exploits pump.fun via MarginFi flash loans, stealing approximately $1.9 million (12,300 SOL) using a privileged service account key.
17 May 2024
Jarett Dunn is arrested by London Metropolitan Police at the Middle Eight Hotel, Covent Garden. He is charged with alleged theft from employer and released on bail.
August 2024
pump.fun removes its 0.02 SOL token creation fee, further lowering barriers to token launches.
3 December 2024
UK Financial Conduct Authority (FCA) publishes official warning that pump.fun is unauthorized to operate in the UK.
6 December 2024
pump.fun updates its terms of service and implements a geoblock to ban UK users, in response to the FCA warning.
16 January 2025
Initial class action lawsuit filed in SDNY over pump.fun's alleged securities violations, anchored to the $PNUT token.
30 January 2025
Second class action complaint filed in SDNY (Aguilar v. Baton Corporation Ltd.), naming Baton Corporation and co-founders Cohen, Kerler, and Tweedale. Cases later consolidated.
26 February 2025
pump.fun's official X account (@pumpdotfun) is hacked; attackers promote a fraudulent 'PUMP' governance token that briefly reaches a $5 million market cap before collapsing. ZachXBT links the breach to prior X account hacks.
26 February 2025
Lazarus Group, following the $1.5 billion Bybit hack, deploys a meme coin (QinShihuang) on pump.fun to launder approximately $26 million in stolen funds. pump.fun later removes the token from its front end.
20 March 2025
pump.fun launches PumpSwap, a proprietary Solana AMM that replaces Raydium as the graduation destination for bonding curve tokens. PumpSwap rapidly becomes the second-largest Solana AMM by volume.
7 May 2025
Solidus Labs publishes report classifying 98.6% of pump.fun tokens as rug pulls or pump-and-dump schemes, based on analysis of over 7 million tokens. pump.fun disputes the findings.
22 July 2025
Amended RICO complaint filed in SDNY, expanding defendants to include Solana Labs, Solana Foundation, Jito Labs, and senior executives. Estimated retail losses cited as $4–5.5 billion.
Decision Log
- hash: 6wWdvT7AHZY9h8UK8p6apyXoo7SPVS1ijikLMdJ7T4zB
This investigation is cryptographically anchored to the Solana blockchain (1 event).
model: claude-sonnet
generated: 5/4/2026, 2:54:32 AM
last updated: 8/29/2026, 1:35:07 AM
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