PumpFun Ban — What Happened?
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 scam ecosystem
Tokens may violate the Howey Test — if ruled securities, exchanges could start mass delistings.
Some say the ban’s tied to using unofficial Twitter APIs and sniper bots.
Nothing confirmed yet, but the risk to the meme coin market is real.
