Burwick Accuses Solana and Jito of “Collusion” in $1.5 Billion Pump Fun Fraud Case

According to ChainCatcher, citing a report from Protos, Burwick Law has named Solana Labs and Jito Labs as defendants in its lawsuit against Pump Fun, alleging that the two companies are the "architects" and "co-conspirators" of the fraudulent casino operation run by the meme coin platform.

He stated,"Solana Labs and Jito Labs knowingly and intentionally participated in these activities."

Pump Fun takes a fee from every transaction and token issuance. Solana Labs profits from the increased velocity of token circulation and the rising price of SOL. Jito Labs extracts MEV from high-volume launches and earns commissions from validator throughput.