Pump.fun 的失敗：儘管利潤豐厚，但用戶卻不斷累積損失的平台

古怪的加密貨幣天堂 Pump.fun 似乎在指控的重壓下搖搖欲墜。這個網站曾經是利潤豐厚的代名詞

Accusations Mount Against Solana ETF Launchpad Pump.fun as Platform Faces Legal Jeopardy

Solana ETF Launchpad Pump.fun 面臨法律危機，指控不斷增加

Solana and Pump.fun are two names that have become synonymous with the wild world of memecoins and the Solana ecosystem. However, this narrative is now being overshadowed by a string of accusations and a looming legal battle that could upend the crypto landscape.

Solana 和 Pump.fun 這兩個名字已經成為迷因幣狂野世界和 Solana 生態系統的代名詞。然而，這種說法現在被一系列指控和迫在眉睫的法律訴訟所掩蓋，這可能會顛覆加密貨幣的格局。

Solana ETFs might suffer as a result of the unfolding drama. Launched with great fanfare in early 2024, Pump.fun quickly became the go-to platform for launching memecoins on the Solana blockchain. However, this venture has attracted a slew of accusations, including deliberate pump-and-dump schemes, the creation of tokens with offensive content, and a glaring lack of regulation.

Solana ETF 可能會因這一事件的展開而遭受損失。 Pump.fun 於 2024 年初大張旗鼓地推出，很快就成為在 Solana 區塊鏈上推出迷因幣的首選平台。然而，這項合資企業招致了一系列指控，包括故意拉高拋售計劃、創建帶有攻擊性內容的代幣以及明顯缺乏監管。

This development has raised concerns among crypto enthusiasts, especially in light of the recent ban on Pump.fun in the United Kingdom following a warning from the Financial Conduct Authority (FCA). One aggrieved investor succinctly described the platform as, “It's not just a platform; it's a casino for the gullible, wrapped in blockchain glitter.”

這一事態發展引起了加密貨幣愛好者的擔憂，特別是考慮到最近英國金融行為監管局 (FCA) 發出警告後對 Pump.fun 的禁令。一位憤憤不平的投資者將該平台簡潔地描述為：“它不僅僅是一個平台；它更是一個平台。”這是一個為容易上當受騙的人準備的賭場，包裹著區塊鏈的光芒。

As a result, the future of Solana ETFs, which are integral to this ecosystem, is now in jeopardy. These ETFs have played a crucial role in a market that has devolved into a battleground.

因此，作為該生態系統不可或缺的一部分的 Solana ETF 的未來現在正處於危險之中。這些 ETF 在已經淪為戰場的市場中發揮了至關重要的作用。

Accusations Against Pump.fun Highlight Lack of Crypto Regulation

針對 Pump.fun 的指控凸顯了加密貨幣監管的缺失

The unfolding drama surrounding Pump.fun also underscores the glaring absence of crypto regulation. Lawyers from Burwick Law, a firm representing several clients in a class-action lawsuit against Pump-fun, have highlighted the platform's activities in relation to the Howey Test, a key criterion used to determine whether an asset qualifies as a financial security.

圍繞 Pump.fun 的戲劇性事件也凸顯了加密貨幣監管的明顯缺失。 Burwick Law 是一家在針對Pump-fun 的集體訴訟中代表多名客戶的公司，該公司的律師強調了該平台與Howey 測試相關的活動，Howey 測試是用於確定資產是否符合金融證券資格的關鍵標準。

If found guilty in this case, not only could the platform vanish, but its downfall might also drag down a significant portion of the crypto market along with it. This scenario would leave many traders in a lurch, especially those who have poured their life savings into digital assets.

如果在這種情況下被判有罪，不僅該平台可能會消失，而且它的垮台也可能會拖累加密貨幣市場的很大一部分。這種情況將使許多交易者陷入困境，尤其是那些將畢生積蓄投入數位資產的交易者。

However, what exacerbates the situation further are the activities of Pump.fun's anonymous creators, who are accused of raking in millions of dollars from this venture while flouting ethical and legal standards with impunity.

然而，使情況進一步惡化的是 Pump.fun 匿名創建者的活動，他們被指控從該企業中賺取數百萬美元，同時藐視道德和法律標準而不受懲罰。

To add insult to injury, the platform allegedly permitted the creation of tokens promoting hateful ideologies and inciting violent acts, accusations that even its fans cannot ignore.

雪上加霜的是，該平台據稱允許創建宣揚仇恨意識形態和煽動暴力行為的代幣，這些指控甚至連其粉絲也無法忽視。

As this turmoil continues to unfold, one burning question remains: If Pump-fun falls, who will be the next victim of a still nascent regulatory framework? Crypto traders are already voicing their concerns about the possibility of massive delistings of their favorite altcoins.

隨著這場動盪的持續展開，一個緊迫的問題仍然存在：如果 Pump-fun 倒閉，誰將成為仍處於新生狀態的監管框架的下一個受害者？加密貨幣交易者已經表達了他們對他們最喜歡的山寨幣可能大規模下架的擔憂。

Thus ends the troubled tale of Pump-fun, a platform that, despite astronomical profits, has left its users to tally up their losses—a scenario that is ironic, yet sadly true.

Pump-fun 的麻煩故事就這樣結束了，儘管這個平台利潤豐厚，卻讓用戶自行計算損失——這種情況頗具諷刺意味，但又令人悲哀地真實。