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Pump.fun faces backlash after disturbing livestream incidents

Pump.fun faces backlash after disturbing livestream incidents

GrafaGrafa2024/11/26 03:10
By:Isaac Francis

Pump.fun, a Solana-based (CRYPTO:SOL) meme coin generator, has come under fire after its livestream feature became a platform for shocking and exploitative behavior.  

Originally intended to help developers promote their projects, the livestreams have devolved into instances of violence, self-harm, and child exploitation tied to financial incentives.  

Reports revealed several disturbing cases, including a user threatening to end their life if their token failed to hit a $25 million market cap and another involving a couple harming their child to reach financial goals.  

In another incident, a user aimed a firearm at family members, linking harm to token performance.  

One user even fired shots out of a window each time their coin’s value increased.  

The incidents have sparked outrage, with social media users comparing the platform to a “Black Mirror” dystopia.  

Many are calling for Pump.fun to remove the livestream feature entirely.  

Critics argue the platform reflects societal desperation and moral decay, while others demand accountability and stricter regulation to prevent such behavior.  

In response, Pump.fun creator Alon addressed the controversy, asserting the platform’s commitment to content moderation.

“Although we strongly stand for free speech and expression, it’s our responsibility to ensure that users don’t see clearly repulsive/dangerous content,” he stated.

He added that NSFW content is tagged appropriately, allowing users to filter it out.  

This controversy follows a prior incident in May when a former employee exploited the platform, stealing 12,300 SOL (worth $1.9 million at the time).  

Trading had to be paused briefly to address the issue.  

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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