Meme Coin Platform Pump.fun Under Fire for Hosting Alleged Impersonation Tokens

Burwick Law and Wolf Popper LLP have issued a cease-and-desist letter to Pump.fun, demanding the immediate removal of certain tokens deployed on the Solana-based platform that allegedly misuse their intellectual property (IP) and likenesses of their employees.

Law Firms Demand Pump.fun Remove Tokens Impersonating Their Brand

The law firms cited one specific token as a prime example, stating that it falsely associates their firms with a cryptocurrency they have no affiliation with. They emphasized that neither Burwick Law nor Wolf Popper LLP has launched any meme coins or blockchain-based assets.

The companies warned that continued use of their names or branding could lead to immediate legal action. Beyond IP concerns, Burwick Law accused Pump.fun of facilitating tokens designed to intimidate plaintiffs involved in ongoing and alleged federal securities violation matter.

Burwick Law and Wolf Popper stated that some meme coins impersonate their clients, alleging that blockchain technology is being misused to obstruct the current legal proceedings. The firms pledged to pursue legal remedies against any entities engaged in these activities.

Burwick Law also asserted that Pump.fun has the technical capability to remove the disputed tokens but has so far refused to act. They warned that the platform’s inaction creates legal and financial risks for investors. They specifically flagged the one specific meme coin token as being promoted in what they described as a high-risk pump-and-dump scheme, urging investors to exercise caution.

This development follows the previously filed class-action lawsuit against Pump.fun in the Southern District of New York. The lawsuit, led by plaintiff Diego Aguilar, alleges that Pump.fun and its operators violated federal securities laws by issuing and selling unregistered securities in the form of meme coins.

In Wednesday’s social media post, Burwick Law and Wolf Popper LLP said the firm’s “remain committed to protecting investors and ensuring accountability for fraudulent market practices by bad actors. Our firms will continue to work with appropriate governmental authorities to hold responsible parties accountable.”