In a surprising turn of events, two law firms involved in a proposed class action suit against Pump.fun have found themselves as victims of a memecoin impersonating their likeness. The firms, represented by Burwick Law, have issued a cease and desist letter demanding the immediate removal of the offending tokens.
At the heart of this controversy is a token dubbed ‘DOGSHIT2‘, a Solana-based memecoin that has surged nearly 200%, according to latest data from CoinGecko. The unusual naming and theme of the token may baffle those who are not deeply immersed in the fast-paced world of cryptocurrency, but the legal implications are quite serious.
References to this particular memecoin were discovered within exhibits initially filed by Burwick Law against Pump.fun, illustrating how easy it is to initiate token launches on the platform. This led the law firm to claim that the association with a token themed around canine excrement not only misrepresents their brand but also infringes upon their intellectual property.
Burwick Law has emphasized their lack of association with the Dogshit2 token, asserting on their social media platform, “Our firms have no affiliation, endorsement, or ownership interest in the Dogshit2 token or any related assets. Simply put, our firms have not launched any memecoins onchain.” This clarification underscores the potential reputational damage stemming from such unauthorized associations.
Additionally, Burwick Law has accused Pump.fun of orchestrating a campaign of intimidation against their clients by launching tokens purportedly designed to disrupt their ongoing litigation processes. They expressed their concerns about the misuse of blockchain technologies in attempts to undermine justice and due process.
Furthermore, it is worth noting that Burwick Law has a history of representing investors in crypto-related litigation. They previously advocated for clients in a case against the creators of Hawk Tuah ($HAWK), claiming that the defendants exploited Hailey Welch’s internet fame to promote an unregistered security.
The emergence of these memecoins and the legal complexities surrounding them highlight the evolving landscape of cryptocurrency law and the ongoing challenges faced by firms navigating this digital terrain. As the situation develops, it will be interesting to observe the implications for both the legal sector and the crypto community.
