Pump.fun, the Solana meme-coin factory, where over 2.6 million tokens popped into existence in 2024, just got hit with a nasty twist. What was supposed to be an epic feature drop on Wednesday—allowing tokenized videos—turned sideways fast. Instead of adding more spicy chaos to the memecoin ecosystem, a bad actor slipped into the cracks. And things went from weird to downright disgusting.
The platform, known for its meme-tokens with images and GIFs, tried stepping up the game by letting users slap videos on their tokens. But, of course, where there’s innovation, there’s always a shady character ready to mess things up. One user uploaded child abuse material (yup, not a drill) as part of a token. It didn’t take long for someone to flag it, and then it was off to the races to get it off the platform.
Tokenized Vids: A Glitch or A Goldmine Gone Wrong?
So, the Wednesday drop was supposed to let the degenerates slap videos onto their coins, making the meme-machine go into overdrive. Before, it was all JPEGs and GIFs—now, full-blown tokenized vids were the game. But then, the darknet edge came creeping in. A rogue user saw this as their golden moment to push some illegal content into the mix.
One unlucky degen stumbled across the horrifying content, setting off a whole chain reaction. Pump.fun’s mods had to jump in quick and slice the token from the chain, while the devs banned the perp. Alon, the platform’s pseudonymous co-founder, told Decrypt, “We’ve built systems and have a team that handles the moderation… this is probably the first time you’re hearing about a case like this.” They tried to patch the hole fast, but the shock was already spreading across the community.
Decentralized Chaos Meets Legal Troubles
Pump.fun isn’t the only one fighting this war. Big boys like Twitter axed over 12 million accounts last year because of the same type of illegal content. It’s like a whack-a-mole situation, and no matter how many systems get put in place, bad actors are always lurking. Platforms give users freedom to create, but sometimes freedom brings chaos.
Pump.fun, with its token report system and Telegram chat for support, is trying to stay one step ahead. But this incident? It’s a warning shot to the entire memecoin crew. The rogue actor who pulled this stunt, if caught, might be facing serious legal heat. That’s the price you pay when you play with fire in the wild west of crypto.
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