SPARTAN-LF
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PumpFun Ban: What Happened?
X (Twitter) suspended PumpFun and related accounts after a lawsuit revealed possible fraud.
Key Claims:
• Pump-and-dump schemes
• No KYC/AML
• Harmful marketing and offensive tokens
• Founders accused of building a fraudulent ecosystem
Tokens may violate the Howey test: if considered securities, exchanges could initiate mass delistings.
Some say the ban is related to the use of unofficial Twitter APIs and sniper bots.
Nothing is confirmed yet, but the risk to the meme coin market is real.
#pumpfun #solana #DumpandDump
$SOL #Fartcoin
X (Twitter) suspended PumpFun and related accounts after a lawsuit revealed possible fraud.
Key Claims:
• Pump-and-dump schemes
• No KYC/AML
• Harmful marketing and offensive tokens
• Founders accused of building a fraudulent ecosystem
Tokens may violate the Howey test: if considered securities, exchanges could initiate mass delistings.
Some say the ban is related to the use of unofficial Twitter APIs and sniper bots.
Nothing is confirmed yet, but the risk to the meme coin market is real.
#pumpfun #solana #DumpandDump
$SOL #Fartcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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