Law firm Burwick Law has refiled a lawsuit against Pump.fun, revealing that co-founder Alon Cohen admitted that "most people lose money."

BlockBeats News, January 14, Burwick Law has resubmitted its lawsuit against Pump.fun, with the latest version of the lawsuit reiterating that Pump.fun, while marketed as a gaming opportunity, is actually a "manipulated casino" whose leaders "secretly predetermine winners and losers, siphoning huge profits from retail participants."

Internal messages cited in the lawsuit show that Pump.fun co-founder Alon Cohen had admitted that "most people lose." The plaintiff claims the platform allows specific users to front-run the token launch through a priority fee mechanism and accuses certain crypto influencers of promoting tokens without disclosing compensation. Despite the serious allegations, the lawsuit lacks clear evidence proving direct profits to executives, and the judge has allowed the plaintiff to submit an amended complaint containing 5,000 private messages.