‘Ave you got a license for that memecoin? UK bans Pump Fun
The UK’s Financial Conduct Authority told UK users to avoid Pump Fun after warning it is not an authorized crypto firm.
The UK’s Financial Conduct Authority told UK users to avoid Pump Fun after warning it is not an authorized crypto firm.
The Pump Science wallet was hijacked when developers left its private key in the codebase amid issues with its free token creation feature.
In recent months, a total of $3.5 million worth of SOL has been raised by Pump Fun memecoins promoted via hacked X and Instagram accounts.
Controversial Pump Fun content, including gunplay and animal beheadings, has led many users to call for the end of its livestream feature.
New research corroborates earlier findings that the vast majority of memecoins crash after their initial promotion and never recover.