Legal Expert: Pump.fun’s ‘Memecoin’ Frenzy Could Lead to Criminal Charges
Editor
2024-11-26 15:03:01 978
Share to:
Golden Finance reported that a legal expert warned that Pump.fun’s extreme content could trigger criminal investigations and civil lawsuits. Its live-streaming feature appears to have become a platform for developers to broadcast extremely shocking content to promote their coins—which, according to legal experts, could lead to civil or criminal prosecution. From suicide threats to animal cruelty to pornographic content, developers who push the boundaries face few consequences other than content removal.
Meanwhile, industry players urged Pump.fun to stop its live streams, which it did earlier today, until it can properly moderate the content.