Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)

avoid.net/pump-fun-solana-labs-jito-labs-rico-mev-class-action-sdny-2026→28/100·78% conf.

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28/100

[WARNING]78% conf.

Summary

Aguilar v. Baton Corporation Ltd. (Case No. 1:25-cv-00880-CM) is a federal class action lawsuit filed in the U.S. District Court for the Southern District of New York against Pump.fun operator Baton Corporation Ltd., Solana Labs, the Solana Foundation, and their named executives, alleging a coordinated RICO racketeering enterprise centered on the Pump.fun memecoin launchpad. A second amended consolidated complaint was filed January 7, 2026, supported by over 5,000 alleged internal chat logs, and seeks between $4 billion and $5.5 billion in compensatory damages — potentially tripled under RICO. Jito Labs, initially named as a co-defendant for alleged MEV-enabling conduct, obtained a voluntary dismissal of claims against it in September 2025 without any settlement payment.

Connected Entities

1 entities · 10 linked investigations

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□Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)

Relationships

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Also appears in

edgeX Exchange·28 Saga EVM Blockchain·32 Mach-O Man Malware Campaign (Lazarus / Chollima)·0 Q2 2026 DeFi Record Hack Wave·0 Gamma Strategies·28 Alephium Bridge·18 Bunni Protocol·28 BitGrail·2 Interpol Operation First Light 2026 — $123M Romance Scam Crypto Network·5 BonkDAO Treasury Governance Attack (July 2026)·3

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Timeline(15 events)

2024-03-01

Class period begins — plaintiffs define start of alleged Solana-Pump.Fun Racketeering Enterprise activity

Burwick Law case page

2025-01-30

Original class action complaint filed in SDNY (Case No. 1:25-cv-00880) by Burwick Law against Baton Corporation Ltd. (Pump.fun) and co-founders

Justia Docket

2025-02-01

SEC clarifies that memecoins do not constitute securities, removing one potential predicate from unregistered securities claims

Decrypt

2025-07-22

Consolidated amended complaint filed, expanding defendants to include Solana Labs, Solana Foundation, Jito Labs, and named executives of all three entities; RICO allegations formally introduced

CoinGeek

2025-07-23

Class period ends per complaint definition

Burwick Law case page

2025-09-05

Skadden files motion to dismiss on behalf of Jito Labs, arguing plaintiffs failed to establish any relationship between Jito Labs and Pump.fun's platform

Skadden

2025-09-01

Confidential informant re-contacts Burwick Law with approximately 5,000 internal chat logs allegedly documenting coordination among Pump.fun, Solana, and Jito personnel

Yahoo Finance

2025-09-26

Plaintiffs voluntarily dismiss claims against Jito Labs and its CEO without any settlement payment, before CEO was served with process

Skadden

2025-09-30

Judge Colleen McMahon so-orders the voluntary dismissal of Jito Labs and its CEO

Skadden

2025-10-15

Peraire-Bueno brothers' criminal MEV trial begins in EDNY, creating parallel judicial consideration of whether MEV manipulation constitutes fraud

Financial Content / BreakingCrypto

2025-12-09

Judge McMahon grants plaintiffs leave to file second amended complaint incorporating the internal chat logs