[Lawsuit Claims Pumpfun Executives Privately Admitted 'Most Users Lose Money,' Accusing the Platform of Being a 'Rigged Casino'] Odaily Planet Daily News: U.S. law firm Burwick Law recently refiled a lawsuit against Pumpfun, Solana Labs, and related executives, accusing them of creating a 'rigged, unlicensed gambling platform' and allegedly orchestrating large-scale pump-and-dump schemes. The lawsuit cites portions of private chat records, claiming that Pumpfun co-founder Alon Cohen stated in internal communications that 'most investors trading Meme coins on the platform would lose money,' likening such low-market-cap token trading to high-risk gambling. The plaintiffs also referenced statements from anonymous KOLs, alleging that some promotional activities involved prior knowledge of token information and coordinated sell-offs. However, the report notes that the lawsuit lacks direct evidence proving that Pumpfun executives personally profited from these activities, with some accusations relying on indirect accounts and limited evidence strength. Whether this constitutes 'market manipulation' remains to be determined by the court's subsequent hearings and evidence collection. (DL News)