Pump.fun, a platform for creating and launching tokens on Solana, has been hit with a class action lawsuit for violating federal securities laws. On Jan. 30, Pump.fun user Diego Aguilar filed a complaint in the Southern District of New York Court against Baton Corporation Limited, the company behind Pump.fun, and its founders, Alex Cohen, Dylan Kerler, and Noah Bernhard Hugo Tweedale. Aguilar is represented by Burwick Law, a law firm that previously announced that it would pursue legal action on behalf of investors who have lost money on Pumpfun memecoins in a Jan. 15 X post . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io