Solana CEO Anatoly Yakovenko Evades Pump Fun Lawsuit Attempts
Solana CEO Anatoly Yakovenko has managed to dodge nine attempts to serve him a Pump Fun lawsuit accusing him of involvement in the memecoin platform’s fraudulent casino enterprise.
Amended Lawsuit Names Solana and Jito as Defendants
Law firms Burwick Law and Wolf Popper recently filed an amended lawsuit naming crypto firms Solana and Jito, along with various executives, as defendants in their case against Pump Fun.
Efforts to serve defendants, including Solana Labs and Jito Labs, have been ongoing. However, Yakovenko, fellow Solana co-founder Raj Gokal, Solana Foundation President Lily Liu, Jito CEO and COO Lucas Bruder, and Brian Smith have all managed to evade being served.
They were also unable to serve the Jito Foundation itself.
Challenges in Serving Yakovenko
Yakovenko, residing in a luxury apartment in San Francisco, has successfully avoided three attempts to serve him on August 5. Burwick Law cites the secured nature of the building and lack of response as reasons for their unsuccessful attempts.
The delay in serving the Jito Foundation is puzzling, as Jito Labs has already been served. Burwick Law suggests that the shared leadership and work between the firms indicate that the Jito Foundation is likely aware of the legal action.
Despite six unsuccessful attempts to serve the Jito Foundation, the firms believe that the Labs/Foundation separation is a strategy to appear decentralized and evade US regulatory oversight.
Request for Extension to Serve Defendants
Due to the challenges faced in serving the absent defendants, Burwick Law has requested more time to serve them. They propose serving via email, mail, direct messages on X, and through Jito Labs’ legal counsel.
If granted the extension, Burwick Law and Wolf Popper will have an additional 20 days to serve the defendants.
Stay tuned for further updates on the Pump Fun lawsuit and the efforts to serve the defendants.