The Solana ecosystem suffers a heavy blow as multiple executives are charged with RICO offenses and the law firm expands the scope of the lawsuit.

[Chain News] PANews, July 24 news, law firms Burwick Law and Wolf Popper have expanded the scope of their lawsuit against Pump.fun, listing the Solana Foundation, Solana Labs, Jito, and several high-level individuals within the Solana ecosystem as defendants, including the network's co-founders Anatoly Yakovenko and Raj Gokal. In the amended complaint submitted on Wednesday, the two law firms charged Anatoly Yakovenko, as well as Solana Foundation Executive Director Dan Albert, Chair Lily Liu, and former Head of Communications Austin Federa with violations of the Racketeer Influenced and Corrupt Organizations Act (RICO). Burwick Law wrote on social media: "From token design to fee extraction to infrastructure maintenance and validators coordination—Solana Labs and Jito Labs are knowing and intentional participants in the alleged conduct; they are not bystanders to the fraudulent acts but are the planners, beneficiaries, and conspirators of the fraud." The law firms accuse Pump.fun of violating multiple U.S. financial crime prevention regulations, failing to implement AML measures, thus exposing the public to criminal risks, and being involved in creating and promoting bad tokens, in violation of trademark laws. The lawsuit points out that Pump.fun profited $722.85 million from "illegal gambling operations," while Jito Labs is accused of intercepting profitable trades and funneling them to the highest bidders.