Pump.fun, which also lost money to the founders of Silk Road, faces a class-action lawsuit for 'violating US securities laws'.

According to CoinDesk, the Solana-based token issuance platform Pump.fun is facing a class-action lawsuit related to violations of securities laws. The company and its executives are accused of violating U.S. securities laws and pocketing about $500 million in fees. The plaintiffs in the lawsuit...