The U.S. law firm Burwick Law filed an amended complaint in federal court, alleging RICO violations against PumpFun and its affiliated entities. According to the complaint, the defendants include Baton Corp, Solana Foundation, Solana Labs, and related executives, suspected of organizing and participating in extortion activities. This lawsuit focuses on potential illegal activities by multiple cryptocurrency entities, marking an ongoing escalation in law enforcement efforts against the crypto asset sector. The case involves the RICO(Mafia Extortion Law), which applies to complex organized crime charges, raising industry concerns about the security and compliance of the Solana ecosystem.
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RamenDeFiSurvivor
· 01-11 07:13
Here we go again, this time directly using RICO's big weapon? The Solana ecosystem is about to get beaten up again.
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MemecoinTrader
· 01-09 16:04
ngl this RICO play against solana ecosystem is *chef's kiss* for narrative destruction... watch how fast the sentiment flips when institutional fear kicks in. classic pre-capitulation psyops 📊
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GateUser-e87b21ee
· 01-08 15:24
Another one? Is the Solana ecosystem about to cool down or is there really a problem?
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TopBuyerBottomSeller
· 01-08 07:51
Here we go again, RICO is stacked on top of Solana... Now the Solana ecosystem will have to sit back and relax for a few days.
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ShadowStaker
· 01-08 07:51
ngl, rico charges on solana ecosystem? that's... quite the escalation. wonder if the validator dynamics actually held up under scrutiny here, or if this is just regulatory theater at this point. either way, client diversity concerns just got a lot more complicated 💀
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OneBlockAtATime
· 01-08 07:41
Another RICO Act? This time it directly hits the Solana ecosystem, pretty intense.
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VitalikFanAccount
· 01-08 07:36
Here we go again, RICO big stick treatment? PumpFun is serious this time, extortion is coming too.
The U.S. law firm Burwick Law filed an amended complaint in federal court, alleging RICO violations against PumpFun and its affiliated entities. According to the complaint, the defendants include Baton Corp, Solana Foundation, Solana Labs, and related executives, suspected of organizing and participating in extortion activities. This lawsuit focuses on potential illegal activities by multiple cryptocurrency entities, marking an ongoing escalation in law enforcement efforts against the crypto asset sector. The case involves the RICO(Mafia Extortion Law), which applies to complex organized crime charges, raising industry concerns about the security and compliance of the Solana ecosystem.