Pump.fun lawsuit advances with amended complaint approval as unverified rumors claim CEO detention in Brazil swirl on social media. The class action lawsuit againstPump.fun lawsuit advances with amended complaint approval as unverified rumors claim CEO detention in Brazil swirl on social media. The class action lawsuit against

Pump.fun Lawsuit Escalates as CEO’s Brazil Detention Rumors Spread

Pump.fun lawsuit advances with amended complaint approval as unverified rumors claim CEO detention in Brazil swirl on social media.

The class action lawsuit against Solana memecoin platform Pump.fun has reached a critical juncture. 

Judge Colleen McMahon granted plaintiffs leave to file a second amended complaint. This decision marks a key turning point in the ongoing legal battle against the platform.

Court Approves Amended Complaint Filing

Court documents reveal serious allegations against pump.fun. 

Plaintiffs claim they have obtained substantial new evidence to support their case. The lawsuit alleges securities violations, RICO charges, and unjust enrichment. 

Claims suggest the marketplace was systematically rigged against ordinary users. 

The platform allegedly favored those with privileged access to Solana’s infrastructure and Jito Lab’s transaction ordering tools. Defendants attempted to dismiss the motion but were unsuccessful.

Rumors of Pump.fun CEO Detention in Brazil Spread 

Speculations have emerged regarding pump.fun CEO Alon Cohen’s whereabouts. Social media posts claim Cohen was detained in Brazil and faces potential U.S. charges. However, no credible sources have confirmed these allegations. 

Cohen’s last activity on X was on November 11, 2025. The rumors remain unsubstantiated as yet neither law enforcement nor official sources have validated any detention claims.

The post Pump.fun Lawsuit Escalates as CEO’s Brazil Detention Rumors Spread appeared first on Live Bitcoin News.

Market Opportunity
pump.fun Logo
pump.fun Price(PUMP)
$0.002171
$0.002171$0.002171
-3.46%
USD
pump.fun (PUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Woodway Assurance receives $1 million in funding for data privacy assurance solution EviData

Woodway Assurance receives $1 million in funding for data privacy assurance solution EviData

OTTAWA, ON, Dec. 17, 2025 /PRNewswire/ – New Canadian technology company Woodway Assurance is proud to announce that it has closed an oversubscribed seed funding
Share
AI Journal2025/12/17 23:16
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44