MEV trading returns to court in Pump.fun class-action lawsuit
A judge allowed new evidence, including internal chat logs, to be added to the class-action lawsuit against Pump.fun regarding alleged MEV trading schemes.Summary
A US court has permitted the amendment of a class-action lawsuit against the memecoin launch platform Pump.fun, Jito Labs, and the Solana Foundation, allowing the inclusion of new evidence related to maximal extractable value (MEV) trading practices. The plaintiffs submitted over 5,000 pieces of evidence, including internal chat logs from a confidential informant, which they claim clarify the alleged scheme's management and coordination. The original lawsuit, filed in July, alleges that Pump.fun misled investors by claiming fair launches while secretly engaging with Solana validators to front-run retail participants using MEV techniques. Plaintiffs contend that insiders gained preferential, low-value access to new tokens before dumping them on retail investors. This case is significant as it could establish a precedent for MEV-related legal challenges in the US, where the ethics and regulation of this complex transaction-reordering technique remain debated.
(Source：Cointelegraph)