Core Viewpoint - Burwick Law has re-filed a lawsuit against Pump.fun, Solana Labs, and their executives, alleging the creation of a "rigged, unlicensed gambling operation" based on private messages between Pump.fun founders [1][2]. Group 1: Allegations and Lawsuit Details - The lawsuit claims that Pump.fun was marketed as a game of chance but operated as a "rigged casino," where outcomes were predetermined, leading to significant profits extracted from retail investors [3]. - The lawsuit highlights that Solana's system allows users to pay "tips" to move ahead in transaction queues, enabling early investors to secure tokens before retail demand drives prices up [3]. - New evidence includes 5,000 private messages that allegedly show discussions among Solana Labs and Pump.fun engineers about the scheme [2]. Group 2: Insights from Founders and Influencers - Co-founder Alon Cohen admitted in a private message that most investors "lose" on the platform, indicating a high-risk environment for participants in low market cap cryptocurrencies [4]. - Cohen suggested that better accounting for investors' interests could lead to greater satisfaction, even if most participants still lose [5]. - The lawsuit also includes claims from unnamed crypto influencers who allegedly received payments to promote memecoins without disclosing their arrangements, suggesting unethical practices in marketing [6].