News emerged that multiple high-profile accounts linked to crypto projects, including Pump.fun and its co-founder Alon Cohen, have been suspended on X, causing significant stir in the crypto community.
Reasons for Account Suspensions
According to X user 'Otto', at least 19 accounts tied to crypto platforms such as GMGN, BullX, Bloom Trading, and Eliza OS have also been taken down.
Speculations Surrounding the Suspensions
Although X has not confirmed any specific reasons for the suspensions, many within the crypto community speculate that potential violations may involve the use of unauthorized third-party APIs. Since January 2023, X has prohibited the use of such APIs.
Legal Issues Facing Pump.fun
Pump.fun is not only facing suspensions but is also under scrutiny due to a class-action lawsuit alleging its role in enabling 'pump-and-dump' schemes, claiming the platform earned nearly $500 million from fees for tokens launched.
The unclear reasons for these suspensions raise concerns about the future connectivity of decentralized projects with their users.
