Two well-known U.S. law firms, Burwick Law and Wolf Popper LLP, have initiated legal action against the platform Pump.fun, accusing it of unauthorized use of their intellectual property.
Claims by Burwick Law and Wolf Popper LLP
Burwick Law and Wolf Popper LLP have issued a cease and desist letter demanding the removal of over 200 tokens on Pump.fun that allegedly misuse their names, logos, and even employee images.
The Core Dispute with Pump.fun
Among the tokens drawing attention is 'Dog Shit Going NoWhere' (DOGSHIT2), which the firms claim mimics their identities and causes legal and financial harm. The firms argue that Pump.fun is not only infringing on their intellectual property rights but also participating in a scheme to mislead investors. This issue stems from a class-action lawsuit filed against Pump.fun, accusing it of promoting unregistered securities.
Potential Consequences for Pump.fun
Pump.fun has yet to address the cease and desist letter or the lawsuit. Should the platform fail to act, it may face significant legal repercussions. Also, continued unauthorized use of intellectual property could lead to further legal action, despite Pump.fun experiencing a surge in popularity and record-breaking trading volumes.
The ongoing dispute between Burwick Law, Wolf Popper LLP, and Pump.fun may mark the start of a prolonged legal battle over intellectual property rights in the cryptocurrency market.
