The Solana ecosystem faces another legal storm. According to the latest disclosures from the plaintiff, a revised lawsuit document has recently been received by the federal court, targeting the operators behind PumpFun, Baton Corp, Solana Foundation, Solana Labs, and related executives, accusing them of violating the U.S. Racketeer Influenced and Corrupt Organizations Act (RICO Act). This updated complaint signifies that the case has entered a new litigation phase, with the allegations becoming more explicit. The RICO Act is highly regarded for its broad scope and severe penalties, and if established, it could have serious consequences for the involved entities. How Solana Labs and the Foundation will respond to this matter, and how Baton Corp will handle this legal challenge, may become the next focus of market attention. This also serves as a reminder to market participants that even popular projects within leading blockchain ecosystems face legal uncertainties and risks.
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BrokenRugs
· 01-11 02:15
Here we go again, how is the SOL ecosystem coming up with new tricks... RICO is not something to be taken lightly.
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WalletAnxietyPatient
· 01-10 21:49
Once the RICO Act is enacted, no one can escape...
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Pump.Fun's situation is really getting worse and worse, even Sol has been dragged into it
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It's the RICO Act again, Americans love this kind of thing, but this time it seems to be a bit interesting
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Even top public chains can't withstand the legal sledgehammer, it seems no one can hide
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Wait, the Solana Foundation has also been sued? How ridiculous is that
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It feels like the entire ecosystem is betting on whether it can survive this round😅
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Once the RICO case is filed, not to mention projects, even executives might have to drink northwest wind
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PumpFun should have foreseen this day back then...
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It's really absurd, and we need to keep an eye on how the verdict unfolds, this legal risk isn't over
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SelfStaking
· 01-10 15:50
Once the RICO Act is enacted, Solana is really in trouble...
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FrontRunFighter
· 01-10 07:00
RICO charges? lmaooo they're really bringing the heavy artillery now. solana ecosystem looking like a dark forest where every protocol is just extracting value from retail while regulators finally wake up 💀
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GateUser-75ee51e7
· 01-08 05:58
Coming again? What's going on with Solana and the legal team?
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GateUser-a180694b
· 01-08 05:58
This wave of SOL is really a bit risky; once the RICO Act is confirmed, it's game over.
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PumpAnalyst
· 01-08 05:57
Once the RICO Act is confirmed, SOL might be headed for a plunge, but I bet this will still be three and a half years of legal wrangling, with the coin price falling first and then rebounding.
Everyone stay calm, lawsuits against top projects are common, the key is how the whales will use this panic to harvest the leeks.
PumpFun, a project with such hype, surprisingly didn't have proper risk control—there's definitely something there. By the way, does anyone chase high intraday?
Pessimistic as I am, if this drop breaks the support level, I will buy the dip directly—technical analysis speaks.
Whether the RICO Act is a real hammer or just bluster depends on whether those American lawyers buy into it. Anyway, I am watching from the sidelines.
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ForkThisDAO
· 01-08 05:54
Solana is causing trouble again, this time it's a big problem
PumpFun's move is quite aggressive, directly targeted by the RICO Act
Major projects can't escape the hammer of the law
Why is it again Solana... this chain is just too chaotic
Once RICO is confirmed, Baton Corp probably will be finished
It feels like the entire ecosystem is under legal scrutiny
This is the current state of Web3, no matter how big the project is, it's all in vain
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NFTArtisanHQ
· 01-08 05:37
ngl the RICO angle is wild... they're basically treating this like a crime syndicate now lmao
The Solana ecosystem faces another legal storm. According to the latest disclosures from the plaintiff, a revised lawsuit document has recently been received by the federal court, targeting the operators behind PumpFun, Baton Corp, Solana Foundation, Solana Labs, and related executives, accusing them of violating the U.S. Racketeer Influenced and Corrupt Organizations Act (RICO Act). This updated complaint signifies that the case has entered a new litigation phase, with the allegations becoming more explicit. The RICO Act is highly regarded for its broad scope and severe penalties, and if established, it could have serious consequences for the involved entities. How Solana Labs and the Foundation will respond to this matter, and how Baton Corp will handle this legal challenge, may become the next focus of market attention. This also serves as a reminder to market participants that even popular projects within leading blockchain ecosystems face legal uncertainties and risks.