08/01/2026
Burwick Law's post announces the January 7, 2026, filing of a second amended class action complaint in U.S. District Court (SDNY, Case 1:25-cv-00880-CM), expanding RICO claims against Pump.fun operator Baton Corp, Solana Labs, Solana Foundation, and executives like Anatoly Yakovenko for allegedly running a rigged memecoin gambling scheme.
Pump.fun, a Solana blockchain platform launched in 2024, enables easy memecoin creation via bonding curves and has generated over 11.9 million tokens, but the suit claims insiders manipulated trades and outcomes through coordinated messaging, defrauding retail users of billions.
The amended filing adds evidence of over 5,000 internal messages proving enterprise control, marking an escalation in crypto RICO litigation that could set precedents for decentralized platforms if courts validate the organized crime analogy.
