Pump.fun & Solana Labs Face $5.5B Class Action - 5,000 Secret Chats Submitted as Evidence
A federal judge in New York allowed expanded RICO fraud claims against Pump.fun, Solana Labs, and Jito Labs after a whistleblower provided over 5,000 private chat messages allegedly showing coordinated insider access to newly launched memecoins. Retail investors who purchased tokens between March 2024 and July 2025 are represented, with total losses estimated between $4B and $5.5B.