Pump.fun is in a $5.5 billion U.S. racketeering case. Europe hasn't even opened an investigation.
Its operator is a registered UK company. The victims are everywhere. We're asking Europe's law-enforcement and financial-crime authorities to look — something no one has done.
of tokens showed signs of fraud or no real liquidity (Solidus Labs)
~$500M
in fees extracted from investors (per the complaint)
$5.5B
RICO case in U.S. federal court (SDNY)
In the operator's own words
"…everyone is exposed to the really really low odds that come with gambling such low mcaps … people will generally be happier (even though most lose)."
— Alon Cohen, Pump.fun co-founder, internal "Pump team" chat, 27 April 2024 (surfaced in the litigation).
Why this needs Europe — and why criminal, not just civil
The operator is British and named. Baton Corporation Ltd — UK Companies House no. 14743013, Mildenhall, Suffolk — with directors of record Alon Cohen, Dylan Kerler and Noah Tweedale. Squarely inside UK/EU jurisdiction.
The only major case is civil and American. It seeks money for one U.S. class. It does nothing for the EU and UK victims who fall outside it — and Pump.fun keeps operating.
No one has assessed whether the conduct is criminal. Civil suits compensate; they do not investigate crime. We're asking Europol, Eurojust, the FCA, Action Fraud and EU member-state authorities to link the cases, assess, and act.