The American law firm Burwick Law accuses PumpFun and Solana of violating the RICO Act

The American law firm Burwick Law has announced a litigation update stating that the plaintiffs have submitted a revised complaint to the federal court, accusing multiple cryptocurrency entities of violating the Racketeer Influenced and Corrupt Organizations Act (RICO).

Defendants include: Baton Corp (operator of PumpFun), Solana Foundation, Solana Labs, and related executives. The complaint alleges that the defendants are involved in extortion activities.