Fomo (fomo.family)
Summary
Fomo (fomo.family) is a consumer social crypto trading app developed by FOMO Labs, Inc. of San Francisco, co-founded by former dYdX employees Paul Erlanger and Se Yong Park. Launched in May 2025 and backed by $19 million in funding led by Benchmark Capital, the platform operates on Solana, Base, and BNB Chain with a non-custodial wallet architecture. The platform is explicitly unregulated, has no publicly disclosed security audits, charges flat per-trade fees that disadvantage small traders, and has spawned at least one active phishing/wallet-drainer scam site impersonating its brand.
Connected Entities
1 entitiesTimeline(5 events)
2025-02-18
Fomo (fomo.family) closes $2 million pre-seed round with over 140 angel investors including Raj Gokal, Marc Boiron, and Balaji Srinivasan.
CryptoRank2025-06-01
Apple Pay support added approximately one month after launch, described by founders as accelerating revenue to $150,000 per week and $3 million in daily volume.
TechCrunch2025-11-06
Benchmark Capital leads $17 million Series A in FOMO Labs, Inc., bringing total funding to $19 million. Benchmark partner Chetan Puttagunta joins the board.
TechCrunch2025-01-01
PCRisk documents and publishes analysis of the 'claim-fomo[.]family' phishing/wallet-drainer site impersonating the official Fomo platform. Exact date of publication not specified; listed as discovered prior to investigation.
PCRiskDecision Log
- hash: 82WNYDgenCW9GPvnPs1XhsyZ4Ax2nRkUD5ZcxE2NB5BU
- hash: FSJutPQtkBEKqYkftNHoUF9XMQDuZjZnQSzfVT47yGYC
- hash: 25kiMsYhZfvMd4k78QKyT9q655eBgWCvu6HWuMvut2RT
This investigation is cryptographically anchored to the Solana blockchain (3 events). 14 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 4/30/2026, 8:28:54 PM
last updated: 7/24/2026, 4:01:47 PM
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