Two law firms Wolf Popper and Burwick Law expanded the lawsuits first filed to add Pump.Solana Labs, the Solana Foundation and Jito. They also nominated important figures in the Solana community, including co-founders Raj Gokal and Anatoly Yakovenko.
Fixed Complaint Since Wednesday, businesses have alleged violations of the RICO Act by Anatoly Jakovenko and Raj Gokal. They also name them Dan Albert, Lily Liu and Austin Federa of the Solana Foundation.
RICO’s claims include claims of illegal gambling, wire fraud, intellectual property theft, and unauthorized transmission of money. It also covers alleged securities claims and violations under Sections 349 and 350 of New York’s General Business Act.
This case aims to lead Jito. The revised complaint named Jito Brian Smith’s COO and CEO Lucas Bruder as defendants. It won’t stop there. This filing adds Pump.fun’s own founders, Dylan Kerler, Noah Bernhard, Hugo Tweedale, and Alon Cohen, to the defendants’ list.
“Clauses against the defendant in this matter include RICO claims (based on illegal gambling, wire fraud, intellectual property theft, and communication of unlicensed money), securities claims, and NY GBL 349 & 350 claims,” Burwick Law said in the X-Post.
Tonight we’re Aguilarv. An amended complaint has been filed on behalf of plaintiffs who alleged Rico’s claims against BatonCorp.’s Pumpdotfun, Solana, Jito and their respective officers. pic.twitter.com/qcjwpqtbwy
– Berwick Law (@burwicklaw) July 23, 2025
“At every level, from token design to fee extraction, infrastructure maintenance, to validator orchestration, Solana Lab and JITO Lab knew the intentional participants in the act in question,” the plaintiff wrote. “They are not bystanders of fraud. They are their architects, beneficiaries, co-conspirators.”
RICO refers to US law passed to combat organized crime
Rico It refers to the corrupt organizational law that was influenced by Racketeer. It is a US law passed in the 1970s to combat organized crime. By law, prosecutors will bundle different illegal activities into one case.
The filing states that Pump.Fun is clearly violating the US Financial Crimes Act. This points to Section 311 of the Banking Secrecy Act, the US Patriot Act, the Fincen Rules, State Licensing Rules for Gold Senders, and OFAC Sanctions.
“By refusing to verify a user’s identity, failing to monitor or report suspicious transactions, and refusing to ignore formal AML programs, Pump.fun exposes the public to serious risks of money laundering, terrorist financing, sex trafficking and other serious crimes,” the plaintiff wrote.
The lawyer says the gap has caused the North Korean Lazarus Group to wash out funds stolen in a $1.5 billion Bibit Hack via the “Qinshihuang” memo coins released on the platform.
Pump.Fun is accused of intentionally promoting exploitative coins
They also criticize pump.fun We knowingly create and promote “tokens that use hate speech, violence and exploitation to generate attention and transaction volume” and violation trademarks.
Earlier in June, Judge Colleen consolidated separate class actions against Pump.Fun brought by investors in Pnut Memecoin. These plaintiffs are Kendall Carnahan, Michael Okafor and Diego Aguilar.
The complaint states, “This action comes from and comes from a coordinated assault company victim, designed to simulate the functionality of digital casinos that operate illegally in the creation of meme coins and trade guises.”
“The truth is that Pump.Fun is just a front-facing slot machine cabinet and operates as part of a broader illegal gambling and money transmission scheme jointly engineered and maintained by Pump.Fun, Jito and Solana Leadership.
The lawsuit says Pump.fun’s revenues have come from $722.85 million from “illegal gambling companies” via what is called the binding curve. Jito Labs also claims that it “monitored the spin, intercepted profitable transactions and sent them to the people who most fed.”
Key Difference Wire Help crypto brands break through and dominate headlines quickly
