Public-Interest Petition · Investigate Pump.fun
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Public-interest petition · from the whistleblower· Aguilar v. Baton Corporation Ltd · S.D.N.Y.

Pump.fun is in a $5.5 billion U.S. racketeering case. The UK has sat on a whistleblower's evidence for over a year.

Its operator is a registered UK company. The U.S. case is civil; a UK regulator has a whistleblower's evidence and a reference number. What's missing is a coordinated criminal assessment — and that's what we're asking Europe to open.

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What the data shows
60%+
of ~4.25M active wallets lost money
Source · Dune, 2025
98%
of tokens showed signs of fraud or no real liquidity
Source · Solidus Labs
$1B+
in lifetime fees extracted from traders
Source · DefiLlama, 2026
$5.5B
RICO case in U.S. federal court
Venue · SDNY
From the whistleblower

I was Pump.fun's first hire. Then I blew the whistle.

I'm Jarett Dunn — staccoverflow. First hire after the founders; Oxford, then London; April–May 2024. I raised KYC/AML and front-running concerns internally and they were dismissed, so I took them to the UK FCA — disclosure ref 71418, which the FCA confirms in writing is still under review.

I was also convicted over the May 2024 exploit. I'm a free man now — not hiding my part in any of this, and not asking you to absolve anyone.

But sit with this: the named defendants are going down for it — and they are not the root cause. They're figureheads, hoisted by the same machine that hoisted everyone: the greater Solana / crypto scam. Investigate them. Then don't stop there.

Case status — where it actually stands
On the recordUpdated 2026
United States
Aguilar v. Baton, S.D.N.Y. (1:25-cv-00880) — motions to dismiss fully briefed; ruling pending.
United Kingdom
FCA whistleblower disclosure ref 71418 — confirmed under ongoing review (FCA, Apr 2026). No public outcome.
European Union
No coordinated criminal assessment exists.
In the operator's own words
“…people will generally be happier even though most lose.”

Alon Cohen, Pump.fun co-founder — internal "Pump team" chat, 27 April 2024, on exposing users to "the really really low odds that come with gambling such low mcaps." Surfaced in the litigation.

Why this needs Europe — and why criminal, not just civil

Civil suits compensate. They do not investigate crime. One UK regulator has held a whistleblower's evidence for over a year — and no coordinated, cross-border criminal assessment exists at all.

01
The operator is British and named
Baton Corporation Ltd is squarely inside UK / EU jurisdiction — and squarely nameable.
02
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.
03
The evidence is already in — and stalled
A whistleblower handed the FCA detailed evidence (ref 71418). Over a year on, it's "ongoing" with nothing public. We're asking Europol, Eurojust, the FCA and EU member-state authorities to link the cases, assess, and act.
On the recordCompanies House · United Kingdom
Registered entity
Baton Corporation Ltd
Companies House no.
14743013
Registered office
Mildenhall, Suffolk, UK
Trading as
Pump.fun
Directors of record
Alon Cohen · Dylan Kerler · Noah Tweedale

These are allegations being tested in court, not proven findings. We are not asking anyone to skip due process — we are asking the opposite: that the question be examined by the authorities whose job it is, instead of left to a patchwork of private lawsuits in a dozen countries.

Sign the petition.

Ask Europe's law-enforcement and financial-crime authorities to open the coordinated investigation no one else has.

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