Pump.fun is accused of organized gambling crimes! Executives from Solana Labs and the foundation are listed as defendants, and even Jito, which engages in MEV, is not spared.

Pump.fun is accused of "organized gambling crime," implicating senior executives of the Solana blockchain foundation, with CEO Anatoly Yakovenko skillfully evading "9" court summons. (Background: Pump.fun rebounded over 60%, and Group Coins may be the deciding factor in this Meme competition). (Context: Data is bleak, official Twitter is "playing dead," while the public criticizes Pump.fun, I believe it could be the ultimate winner). Solana has become a blockchain star in recent years due to its high speed and low transaction fees, but a RICO lawsuit (related to organized crime) against the memecoin platform Pump.fun is entangling the Solana team in legal turmoil. The prosecution accuses Solana Labs, Solana Foundation, and Jito Labs of assisting Pump.fun in creating an "illegal digital casino," focusing on Solana CEO Anatoly Yakovenko. Nine court summons were "unsuccessfully delivered." The lawsuit was jointly filed by Burwick Law and Wolf Popper, citing the U.S. Organized Crime Act (RICO), listing CEO Yakovenko, co-founder Raj Gokal, Solana Foundation chair Lily Liu, and Jito Labs CEO Lucas Bruder as defendants. The accusations state that Pump.fun accumulated approximately $722 million in revenue through rapid token minting, charging listing fees, and exploitative designs, involving illegal gambling, fraud, and Money Laundering. The prosecution lawyer emphasized that the defendants at Solana not only provided technology but also profited from transaction fees and MEV tools, exceeding a mere infrastructure role. Therefore, Jito, as an MEV capture protocol, is also included in the list of defendants. However, the aforementioned Solana executives and the defendants at Jito Foundation have evaded receiving court summons by claiming "they cannot be found." This may lead to delayed hearings or the defendants completely absent from court. Is infrastructure also illegal? If the court determines that Solana and Jito Labs are "actively profiting," it will break the existing notion that public chains are merely neutral channels. On the other hand, Pump.fun's lack of KYC and AML mechanisms, along with not verifying user age, may legally be seen as a "unlicensed remittance service" and a breeding ground for "Money Laundering." Related reports: The Ethereum Foundation donates another $500,000 to the founder of Tornado; Bankless: What about the Solana community? The second-generation Solana phone Seeker starts shipping, but another fee is required, new currency $SKR has not yet arrived. From Memecoin holy land to Wall Street's new darling, Solana embarks on a transformation journey. "Pump.fun accused of organized gambling! Solana Labs and foundation executives listed as defendants, and MEV-focused Jito is not spared." This article was originally published by BlockTempo, the most influential blockchain news media.