Pump.fun X account and Founder Suspended from X Amid Claims On Excessive Liquidity Extraction Controversy
The post Pump.fun X account and Founder Suspended from X Amid Claims On Excessive Liquidity Extraction Controversy appeared on BitcoinEthereumNews.com. In a dramatic twist befitting the wild world of decentralized finance (DeFi), the founder of the meme coin-launch platform Pump.fun has been suspended from what formerly was known as Twitter. Alon, better known in crypto by his handle @a1lon9, now faces the dining-table-table-fort suspicion that accompanies being a DeFi platform founder who has just been yanked off Twitter. Although information is limited, the situation suggests that several ongoing investigations have resulted in the recent account suspensions. These investigations, covering at least four jurisdictions, center on the rapid appearance and disappearance of funds in user accounts. Some retail wallets have been draining a bit too fast for comfort, and the destination wallets to which those drained funds have been going seem to be associated with some extravagant purchases — think yachts and luxury vehicles.
The post Pump.fun X account and Founder Suspended from X Amid Claims On Excessive Liquidity Extraction Controversy appeared on BitcoinEthereumNews.com.
In a dramatic twist befitting the wild world of decentralized finance (DeFi), the founder of the meme coin-launch platform Pump.fun has been suspended from what formerly was known as Twitter. Alon, better known in crypto by his handle @a1lon9, now faces the dining-table-table-fort suspicion that accompanies being a DeFi platform founder who has just been yanked off Twitter. Although information is limited, the situation suggests that several ongoing investigations have resulted in the recent account suspensions. These investigations, covering at least four jurisdictions, center on the rapid appearance and disappearance of funds in user accounts. Some retail wallets have been draining a bit too fast for comfort, and the destination wallets to which those drained funds have been going seem to be associated with some extravagant purchases — think yachts and luxury vehicles.
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