ZachXBT says potential Pump Fun plaintiffs aren’t actual victims
Crypto sleuth ZachXBT has told the US law firm planning legal action against memecoin platform Pump Fun that its clients are “degenerate gamblers” and shouldn’t be seen as victims or investors. The comment was made via X in response to Burwick Law’s announcement on Wednesday that it was pursuing legal action on behalf of Pump Fun investors who have lost big to “memecoins, rugs, and unfulfilled promises.” ZachXBT said, “ degenerate gamblers willingly choosing to gamble on micro-cap meme coins are not actual victims or investors ” Burwick duly responded, claiming that memecoins are open to manipulation and aren’t comparable to regulated gambling. ZachXBT added if “silly lawsuits” arise, “perhaps I need to release a tutorial for people to fund addresses anonymously on-chain to cause chaos and make it harder for them to be sued .” This is a great point. Scratch-offs are regulated gambling, with clearly defined odds and no method for second...