Burwick Accuses Solana and Jito of “Collusion” in $1.5 Billion Pump Fun Fraud Case
According to ChainCatcher, citing a report from Protos, Burwick Law has named Solana Labs and Jito Labs as defendants in its lawsuit against Pump Fun, alleging that the two companies are the "architects" and "co-conspirators" of the fraudulent casino operation run by the meme coin platform.
He stated,"Solana Labs and Jito Labs knowingly and intentionally participated in these activities."
Pump Fun takes a fee from every transaction and token issuance. Solana Labs profits from the increased velocity of token circulation and the rising price of SOL. Jito Labs extracts MEV from high-volume launches and earns commissions from validator throughput.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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