Pump.fun 的直播功能似乎已成为开发者播放极端令人震惊的内容以推广其代币的平台 - 这可能会导致民事或刑事诉讼

从自杀威胁、虐待动物到色情内容，突破界限的开发者除了内容被删除之外几乎没有遇到任何后果。

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 的直播功能最初是为了展示新代币，但现在已经发展成为一个提供极端震撼内容的平台。开发者正在突破界限，通过广播从自杀威胁、虐待动物到色情内容的任何内容来推广他们的代币。

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，尽管存在挑衅行为，开发者除了内容被删除之外几乎没有面临任何后果。这促使行业参与者呼吁采取监管行动。

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 是一个让用户只需点击几下即可启动 Solana 代币的平台，该平台已成为诈骗代币和拉扯的温床。现在，它的直播功能似乎面临着新的挑战。

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，快速浏览 Pump.fun 直播版的首页，发现了多起色情和种族攻击性内容。

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 在总共四个页面上观察到大量虐待动物和暴力内容的实例，这些页面似乎最终被删除。

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.

有人看到开发商威胁说，如果他们的代币没有达到一定的市值，他们就会上吊自杀，而另一位开发商则在镜头前威胁着一条金鱼。这些极端行为的目的是为了推销他们的代币并吸引投资者。

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.

算法交易公司 Trading Strategy 的联合创始人 Mikko Ohtamaa 在 X 上对此事发表了评论。他说 Pump.fun 有两种选择：要么在选择不进行节制后被警方迅速关闭，要么在监管机构认真考虑后最终被关闭。

“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.

“我主张言论自由，但这些直播正在引发实际问题，人们在直播中违法。当主流媒体注意到这一点时，这将引发关闭，”Ohtamaa 说。

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 上承认 Pump.fun 的审核“并不完美”，并补充说可以打开 NSFW（工作不安全）开关来隐藏极端视频。

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.

在美国，《通信规范法案》第 230 条为托管用户生成内容的平台提供了某种形式的豁免权。然而，这种豁免权取决于平台在审核内容时负责任地行事。

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.

如果平台未能负责任地管理内容，特别是如果他们故意允许有害内容，则可能会导致法律挑战。例如，在巴恩斯诉雅虎一案中，法院认为平台删除有害内容的承诺如果不履行可能会产生责任。

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 拥有一支“庞大”的审核团队，“昼夜不停地工作”，同时邀请社区成员将未经审核的内容或代币标记到其支持渠道。

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直播版首页显示大量色情和种族歧视内容。

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 在总共四页的内容中发现了许多虐待动物和暴力内容的实例，这些内容似乎最终已被删除。

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

Pump.fun 是模因币天堂，但大多数被指控欺骗用户

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

该平台向访问者发出的欢迎辞声称，它可以防止地毯拉扯，但拉扯 Pump.fun 推出的代币显然并不那么困难。

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，一名青少年创建了一种代币，据称随后将其扔给投资者，以赚取 3 万美元，然后在直播中用双中指引爆了观众。

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内容创作者的录制视频，这些视频被用作标题诱饵，只为吸引投资者。

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

根据 Dune Analytics 的数据，自 1 月份 Pump.fun 平台上线以来，已发行了超过 380 万个代币。

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.

这些代币的成功率较低，估计有 1.2% 的代币成功达到在 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.

这可能归因于多种因素，例如代币过度饱和和营销不力，以及诈骗和拉扯。

“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 的高级加密货币分析师 Mads Eberhardt 告诉 Cointelegraph：“这对该行业来说不是一个好兆头。” “我相信越来越多的机构采用的滚雪球效应是无法阻止的，但如果这不同时发生，该行业将会处于一个更好的位置。”

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，现有法律涵盖涉及加密货币的欺诈行为。就 Pump.fun 而言，代币创建者可能要对电汇欺诈负责，电汇欺诈是一种通过电子手段（包括互联网）发生的白领犯罪形式。

Memecoins are still coins

Memecoin 仍然是硬币

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

“出于我无法理解的原因，处理模因币的企业家认为法律不适用于他们，”布里索夫说。

“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

“如果你进行虚假交易，如果你在 Pump.fun 上进行欺骗，同样的法律也将适用于你，[美国]司法部将会来找你，你将因许多罪名被起诉并入狱。年，”他