Pump.fun 的直播功能似乎已成為開發者播放極端令人震驚的內容以推廣其代幣的平台 - 這可能會導致民事或刑事訴訟

從自殺威脅、虐待動物到色情內容，突破界限的開發者除了內容被刪除之外幾乎沒有遇到任何後果。

Pump.fun’s livestream feature, which was initially intended to showcase new tokens, has spiraled into a platform for extreme shock content. Developers are pushing boundaries by broadcasting anything from suicide threats and animal abuse to pornography in a bid to promote their tokens.

Pump.fun 的直播功能最初是為了展示新代幣，但現在已經發展成為一個提供極端震撼內容的平台。開發者正在突破界限，透過廣播從自殺威脅、虐待動物到色情內容的任何內容來推廣他們的代幣。

However, despite the provocative acts, the developers have faced little to no consequences beyond having their content removed. This has prompted industry participants to call for regulatory action.

然而，儘管存在挑釁行為，開發者除了內容被刪除之外幾乎沒有面臨任何後果。這促使業界參與者呼籲採取監管行動。

Pump.fun, a platform that enables users to launch Solana tokens with just a few clicks, has become a breeding ground for scam tokens and rug pulls. Now, it seems to be facing a new challenge with its livestream feature.

Pump.fun 是一個讓用戶只需點擊幾下即可啟動 Solana 代幣的平台，該平台已成為詐騙代幣和拉扯的溫床。現在，它的直播功能似乎面臨著新的挑戰。

On Nov. 25, a quick glance at the first page of Pump.fun’s livestreaming board revealed several instances of pornographic and racially offensive content.

11 月 25 日，快速瀏覽 Pump.fun 直播版的首頁，發現了許多色情和種族攻擊性內容。

Cointelegraph observed numerous instances of animal abuse and violent content across a total of four pages, which appeared to have been eventually taken down.

Cointelegraph 在總共四個頁面上觀察到大量虐待動物和暴力內容的實例，這些頁面似乎最終被刪除。

Developers were seen threatening to hang themselves if their token didn’t reach a certain market cap, while another endangered a goldfish on camera. These extreme acts are being carried out in an attempt to promote their tokens and attract investors.

有人看到開發商威脅說，如果他們的代幣沒有達到一定的市值，他們就會上吊自殺，而另一位開發商則在鏡頭前威脅一條金魚。這些極端行為的目的是為了推銷他們的代幣並吸引投資者。

Mikko Ohtamaa, co-founder of algorithmic trading firm Trading Strategy, took to X to comment on the matter. He said that Pump.fun has two options: either get closed down quickly by police after opting for no moderation or eventually get shut down years later after regulators wrap their heads around it.

演算法交易公司 Trading Strategy 的共同創辦人 Mikko Ohtamaa 在 X 上對此事發表了評論。他說 Pump.fun 有兩種選擇：要么在選擇不進行節制後被警方迅速關閉，要么在監管機構認真考慮後最終被關閉。

“I advocate for freedom of speech, but these streams are causing practical issues where people are breaking the law in live broadcasts. This will trigger a shutdown when the mainstream media catches a wind on this,” said Ohtamaa.

「我主張言論自由，但這些直播正在引發實際問題，人們在直播中違法。當主流媒體注意到這一點時，這將引發關閉，」Ohtamaa 說。

Alon admitted on X that Pump.fun’s moderation “isn’t perfect,” adding that an NSFW (not safe for work) toggle can be turned on to hide extreme videos.

Alon 在 X 上承認 Pump.fun 的審查“並不完美”，並補充說可以打開 NSFW（工作不安全）開關來隱藏極端視頻。

In the United States, Section 230 of the Communication Decency Act provides a form of immunity to platforms hosting user-generated content. However, this immunity is contingent on the platform acting responsibly when moderating content.

在美國，《通訊規範法案》第 230 條為託管使用者生成內容的平台提供了某種形式的豁免權。然而，這種豁免權取決於平台在審核內容時負責任地行事。

If a platform fails to moderate content responsibly, especially if they knowingly allow harmful content, it can result in legal challenges. For instance, in Barnes v. Yahoo!, the court held that a platform’s promise to remove harmful content could create liability if not fulfilled.

如果平台未能負責任地管理內容，特別是如果他們故意允許有害內容，則可能會導致法律挑戰。例如，在巴恩斯訴雅虎一案中，法院認為平台刪除有害內容的承諾如果不履行可能會產生責任。

Alon said that Pump.fun has a “large” team of moderators “working around the clock” while inviting community members to flag unmoderated content or tokens to its support channels.

Alon 表示，Pump.fun 擁有一支“龐大”的審核團隊，“晝夜不停地工作”，同時邀請社區成員將未經審核的內容或代幣標記到其支持渠道。

On Nov. 25, the first page of Pump.fun’s livestreaming board displayed a number of pornographic and racially offensive content.

11月25日，Pump.fun直播版首頁顯示大量色情和種族歧視內容。

Across a total of four pages, Cointelegraph observed numerous instances of animal abuse and violent content, which appeared to have been eventually taken down.

Cointelegraph 在總共四頁的內容中發現了許多虐待動物和暴力內容的實例，這些內容似乎最終已被刪除。

Pump.fun is a memecoin haven, but most are accused of scamming users

Pump.fun 是迷因幣天堂，但大多數被指控欺騙用戶

The platform’s welcome note to visitors claims that it prevents rug pulls, but rugging Pump.fun-launched tokens is apparently not that difficult.

該平台向訪客發出的歡迎辭聲稱，它可以防止地毯拉扯，但拉扯 Pump.fun 推出的代幣顯然並不那麼困難。

In a recent livestream, a teenager created a token and then allegedly dumped it on his investors to pocket $30,000 before flipping off the audience with the double middle fingers live on air.

在最近的一次直播中，一名青少年創建了一種代幣，據稱隨後將其扔給投資者，以賺取 3 萬美元，然後在直播中用雙中指引爆了觀眾。

Some pornographic livestreams are accused of playing recorded videos of adult content creators on other platforms, which are used as clickbait, only to rug investors.

一些色情直播被指控在其他平台上播放成人內容創作者的錄製視頻，這些視頻被用作標題誘餌，只為吸引投資者。

According to Dune Analytics data, over 3.8 million tokens have been launched through Pump.fun since the platform went live in January.

根據 Dune Analytics 的數據，自 1 月 Pump.fun 平台上線以來，已發行了超過 380 萬個代幣。

These tokens have a low success rate, with an estimated 1.2% of tokens successfully reaching the $69,000 market cap required for listing on decentralized exchanges like Raydium.

這些代幣的成功率較低，估計有 1.2% 的代幣成功達到在 Raydium 等去中心化交易所上市所需的 69,000 美元市值。

This could be attributed to several factors, such as the oversaturation of tokens and poor marketing, but also scams and rug pulls.

這可能歸因於多種因素，例如代幣過度飽和和行銷不力，以及詐騙和拉扯。

“This is not a good look for the industry,” Mads Eberhardt, a senior crypto analyst at Steno Research, told Cointelegraph. “I believe there’s no stopping the snowball effect of growing institutional adoption, but the industry would be in a better place if this were not happening simultaneously.”

Steno Research 的高級加密貨幣分析師 Mads Eberhardt 告訴 Cointelegraph：“這對該行業來說不是一個好兆頭。” “我相信越來越多的機構採用的滾雪球效應是無法阻止的，但如果這不同時發生，該行業將會處於一個更好的位置。”

According to Digital and Analogue Partners’ Brisov, existing laws cover fraudulent behavior involving cryptocurrencies. In the case of Pump.fun, token creators could be liable for wire fraud, a form of white-collar crime that occurs over electronic means, including the internet.

Digital and Analogue Partners 的 Brisov 表示，現有法律涵蓋涉及加密貨幣的詐欺行為。就 Pump.fun 而言，代幣創建者可能要對電匯詐欺負責，電匯詐欺是一種透過電子手段（包括網路）發生的白領犯罪形式。

Memecoins are still coins

Memecoin 仍然是硬幣

“For reasons that are not understandable to me, entrepreneurs who deal with memecoins, they think that laws do not apply to them,” said Brisov.

「出於我無法理解的原因，處理迷因幣的企業家認為法律不適用於他們，」布里索夫說。

“If you are wash trading, if you are rug pulling on Pump.fun, the same laws will apply to you, and the [United States] Department of Justice will come to you, and you will be prosecuted and put in jail for many years,” he

「如果你進行虛假交易，如果你在 Pump.fun 上進行欺騙，同樣的法律也將適用於你，[美國]司法部將會來找你，你將因許多罪名被起訴併入獄。年， 」他