{"id":97,"date":"2025-02-02T11:34:33","date_gmt":"2025-02-02T11:34:33","guid":{"rendered":"https:\/\/shot-365.com\/?p=97"},"modified":"2025-02-02T11:34:35","modified_gmt":"2025-02-02T11:34:35","slug":"pump-fun-5%ec%96%b5-%eb%8b%ac%eb%9f%ac-%ec%88%98%ec%88%98%eb%a3%8c-%eb%b0%8f-%ec%a6%9d%ea%b6%8c%eb%b2%95-%ec%9c%84%eb%b0%98-%ed%98%90%ec%9d%98%eb%a1%9c-%ec%86%8c%ec%86%a1-%ec%a7%81%eb%a9%b4","status":"publish","type":"post","link":"https:\/\/shot-365.com\/?p=97","title":{"rendered":"Pump.fun, 5\uc5b5 \ub2ec\ub7ec \uc218\uc218\ub8cc \ubc0f \uc99d\uad8c\ubc95 \uc704\ubc18 \ud610\uc758\ub85c \uc18c\uc1a1 \uc9c1\uba74"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"707\" height=\"361\" src=\"https:\/\/shot-365.com\/wp-content\/uploads\/2025\/02\/\uc2a4\ud06c\ub9b0\uc0f7-2025-02-02-202827.png\" alt=\"\" class=\"wp-image-98\" srcset=\"https:\/\/shot-365.com\/wp-content\/uploads\/2025\/02\/\uc2a4\ud06c\ub9b0\uc0f7-2025-02-02-202827.png 707w, https:\/\/shot-365.com\/wp-content\/uploads\/2025\/02\/\uc2a4\ud06c\ub9b0\uc0f7-2025-02-02-202827-300x153.png 300w\" sizes=\"auto, (max-width: 707px) 100vw, 707px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uc774\ubc88 \ubc95\uc801 \uc870\uce58\ub294 \uc554\ud638\ud654\ud3d0 \uaddc\uc81c \ud658\uacbd\uc5d0\uc11c \ubc08\ucf54\uc778\uc758 \ubc95\uc801 \uc9c0\uc704\uc5d0 \ub300\ud55c \uc758\ubb38\uc744 \uc81c\uae30\ud558\uba70, SEC\uac00 \ud604\uc7ac \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0 \ub300\ud55c \uc785\uc7a5\uc744 \uc7ac\uac80\ud1a0\ud558\uace0 \uc788\ub294 \uac00\uc6b4\ub370 \uc81c\uae30\ub418\uc5c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc778\uae30 \uc788\ub294 \ubc08\ucf54\uc778 \uc0dd\uc131 \ud50c\ub7ab\ud3fc\uc778 Pump.fun\uc774 \ubbf8\uad6d \uc99d\uad8c\ubc95 \uc704\ubc18 \ud610\uc758\ub85c \ud68c\uc0ac \ubc0f \uacbd\uc601\uc9c4\uc744 \uc0c1\ub300\ub85c \ud55c \uc0c8\ub85c\uc6b4 \uc9d1\ub2e8 \uc18c\uc1a1\uc758 \uc911\uc2ec\uc5d0 \uc11c\uac8c \ub418\uc5c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2025\ub144 1\uc6d4 30\uc77c \ub274\uc695 \ub0a8\ubd80 \uc9c0\ubc29\ubc95\uc6d0\uc5d0 \uc81c\ucd9c\ub41c \uc774\ubc88 \uc18c\uc1a1\uc740 Pump.fun\uc774 \ub4f1\ub85d\ub418\uc9c0 \uc54a\uc740 \uc99d\uad8c\uc744 \uc81c\uacf5\ud558\uba74\uc11c \uc57d 5\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\ub294 \uc218\uc218\ub8cc\ub97c \ubc8c\uc5b4\ub4e4\uc600\ub2e4\uace0 \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\uc99d\uad8c\ubc95 \uc704\ubc18 \ubc0f \ud5c8\uc704 \uc57d\uc18d \ud610\uc758<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\uc774\ubc88 \uc18c\uc1a1\uc740 <strong>Pump.fun<\/strong>\uacfc \uadf8 \uc6b4\uc601 \uc8fc\uccb4\uc778 <strong>Baton Corporation Ltd<\/strong>\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc8fc\uc694 \uc778\ubb3c\uc778 \uc54c\ub860 \ucf54\ud5e8(Alon Cohen), \ub51c\ub7f0 \uceec\ub7ec(Dylan Kerler), \ub178\uc544 \ubc84\ub098\ub4dc \ud734\uace0 \ud2b8\uc704\ub2ec(Noah Bernhard Hugo Tweedale)\uc744 \ub300\uc0c1\uc73c\ub85c \ud558\uace0 \uc788\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc6d0\uace0 \ub514\uc5d0\uace0 \uc544\uae38\ub77c\ub974(Diego Aguilar)\ub294 <strong>Fwog \ud1a0\ud070<\/strong>\uacfc <strong>Griffain(GRIFFAIN) \ud1a0\ud070<\/strong>\uc744 \ud3ec\ud568\ud55c \uc5ec\ub7ec \ud1a0\ud070\uc744 Pump.fun \ud50c\ub7ab\ud3fc\uc5d0\uc11c \uad6c\ub9e4\ud55c \ud6c4 \uc7ac\uc815\uc801 \uc190\uc2e4\uc744 \uc785\uc5c8\ub2e4\uace0 \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \ud1a0\ud070\ub4e4\uc740 <strong>\ubc08\ucf54\uc778 \ubb38\ud654\uc640 \ube60\ub978 \uc218\uc775\uc744 \uc57d\uc18d\ud558\ub294 \ub9c8\ucf00\ud305\uc744 \ud1b5\ud574 \uc801\uadf9\uc801\uc73c\ub85c \ud64d\ubcf4<\/strong>\ub418\uc5c8\uc73c\uba70, \ub192\uc740 \ubcc0\ub3d9\uc131\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uacfc\ub300\ud3c9\uac00\ub41c \uac00\uce58\ub97c \uae30\ub85d\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc544\uae38\ub77c\ub974\ub294 Pump.fun\uc774 <strong>\uae30\ud558\uae09\uc218\uc801\uc778 \uc218\uc775\uc744 \uc57d\uc18d\ud558\ub294 \uacfc\uc7a5\ub41c \ud64d\ubcf4<\/strong>\ub97c \ud1b5\ud574 \ud22c\uc790\uc790\ub4e4\uc744 \uc720\uc778\ud588\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4. \uc608\ub97c \ub4e4\uc5b4, <strong>Fwog \ud1a0\ud070<\/strong>\uc740 <strong>5\uc5b5 \ub2ec\ub7ec\uc758 \uc2dc\uac00\ucd1d\uc561\uc744 \uae30\ub85d\ud560 \uac83<\/strong>\uc774\ub77c\uace0 \ud64d\ubcf4\ub418\uc5c8\uc73c\ub098, \uc2e4\uc81c \uc2dc\uc7a5 \uc0c1\ud669\uc740 \ud06c\uac8c \ub2ec\ub790\uc73c\uba70 \ub9ce\uc740 \ud22c\uc790\uc790\uac00 \ub9c9\ub300\ud55c \uc190\uc2e4\uc744 \uc785\uc5c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc18c\uc1a1\uc5d0\uc11c\ub294 <strong>Pump.fun\uc758 \uc6b4\uc601 \ubc29\uc2dd\uc774 \uc99d\uad8c\ubc95(Securities Act)\uc744 \uc704\ubc18<\/strong>\ud588\ub2e4\uace0 \uac15\uc870\ud558\uba70, \ub4f1\ub85d\uc774 \ud544\uc694\ud55c \uc99d\uad8c\uc73c\ub85c \uac04\uc8fc\ub420 \uc218 \uc788\ub294 \ud1a0\ud070\ub4e4\uc744 \uc815\uc2dd \ub4f1\ub85d \uc5c6\uc774 \ud310\ub9e4\ud588\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4. \uc6d0\uace0\ub294 <strong>\ubaa8\ub4e0 \ud1a0\ud070 \uad6c\ub9e4\uc758 \ucde8\uc18c(Rescission), \uae08\uc804\uc801 \uc190\ud574 \ubc30\uc0c1(Monetary Damages), \uc18c\uc1a1 \ube44\uc6a9(Litigation Costs) \ubcf4\uc0c1<\/strong>\uc744 \uc694\uad6c\ud558\uace0 \uc788\ub2e4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pump.fun\uc758 <strong>\u201c\ud3f0\uc9c0 \uc0ac\uae30(Ponzi-like)\u201d \uad6c\uc870<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\uc774\ubc88 \uc18c\uc1a1\uc740 <strong>\uc758\uc2ec\uc2a4\ub7ec\uc6b4 \ud65c\ub3d9\uc744 \ud558\ub294 \uc554\ud638\ud654\ud3d0 \ud50c\ub7ab\ud3fc\uc744 \uaca8\ub0e5\ud55c \ubc95\uc801 \ub300\uc751\uc774 \uc99d\uac00\ud558\ub294 \ud750\ub984<\/strong>\uc758 \uc77c\ubd80\ub2e4. \uc774\ub2ec \ucd08 <strong>Burwick Law<\/strong>\ub294 \ucf04\ub2ec \uce74\ub098\ud55c(Kendall Carnahan)\uc744 \ub300\ub9ac\ud574 <strong>Pump.fun\uc758 \u2018Peanut the Squirrel\u2019 \ud1a0\ud070 \ud310\ub9e4<\/strong>\uc640 \uad00\ub828\ub41c \ubcc4\ub3c4\uc758 \uc18c\uc1a1\uc744 \uc81c\uae30\ud558\uba70 \ud50c\ub7ab\ud3fc\uc5d0 \ub300\ud55c \uc555\ubc15\uc744 \ub354\uc6b1 \uac15\ud654\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc774\ubc88 \ubc95\uc801 \uace0\uc18c\uc7a5\uc740 <strong>Pump.fun\uc774 \ub4f1\ub85d\ub418\uc9c0 \uc54a\uc740 \uc99d\uad8c\uc744 \uacf5\ub3d9 \ubc1c\ud589(co-issue) \ubc0f \ud64d\ubcf4\ud558\ub294 \ud50c\ub7ab\ud3fc\uc744 \uc6b4\uc601<\/strong>\ud588\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4. \ub610\ud55c, Pump.fun\uc758 \uc6b4\uc601 \ubc29\uc2dd\uc744 <strong>\uc0c8\ub85c\uc6b4 \ud615\ud0dc\uc758 \ud3f0\uc9c0 \uc0ac\uae30 \ubc0f \u2018\ud38c\ud504\uc564\ub364\ud504(pump-and-dump)\u2019 \ubc29\uc2dd<\/strong>\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc18c\uc1a1\uc5d0 \ub530\ub974\uba74, <strong>Pump.fun\uc740 \uc778\ud50c\ub8e8\uc5b8\uc11c\ub4e4\uc744 \uc774\uc6a9\ud574 \ubc08\ucf54\uc778\uc5d0 \ub300\ud55c \uc778\uc704\uc801\uc778 \uacfc\uc7a5 \uad11\uace0\uc640 \uae34\uae09\uc131\uc744 \uc870\uc131<\/strong>\ud558\uc5ec, \uac1c\uc778 \ud22c\uc790\uc790\ub4e4\uc774 \ucda9\ubd84\ud55c \uc815\ubcf4\ub97c \uac16\ucd94\uc9c0 \ubabb\ud55c \uc0c1\ud0dc\uc5d0\uc11c \uc131\uae09\ud558\uac8c \uad6c\ub9e4 \uacb0\uc815\uc744 \ub0b4\ub9ac\ub3c4\ub85d \uc720\ub3c4\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ub610\ud55c, \uc18c\uc1a1\uc740 <strong>Pump.fun\uc774 \ud50c\ub7ab\ud3fc \ub0b4\uc5d0\uc11c \ubaa8\ub4e0 \uae30\uc220 \uc778\ud504\ub77c, \uc720\ub3d9\uc131, \uac00\uaca9 \ucc45\uc815 \ubc0f \ud1a0\ud070 \ud64d\ubcf4\ub97c \uc644\uc804\ud788 \ud1b5\uc81c<\/strong>\ud588\uc73c\uba70, \uc774\uc5d0 \ub530\ub77c \ubbf8\uad6d \uc99d\uad8c\ubc95\uc0c1 \ubc1c\ud589\uc790(Issuer) \ubc0f \ubc95\uc801 \ud310\ub9e4\uc790(Statutory Seller)\uc5d0 \ud574\ub2f9\ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>SEC\uc758 \uc554\ud638\ud654\ud3d0 \uaddc\uc81c \uc811\uadfc \ubc29\uc2dd \ubcc0\ud654<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\ubbf8\uad6d \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c(SEC)\ub294 \ud604\uc7ac <strong>\ub514\uc9c0\ud138 \uc790\uc0b0, \ud2b9\ud788 Pump.fun\uc774 \uc81c\uacf5\ud55c \ubc08\ucf54\uc778\ub4e4\uc744 \uc5b4\ub5bb\uac8c \ubd84\ub958\ud560 \uac83\uc778\uc9c0<\/strong>\uc5d0 \ub300\ud55c \ubb38\uc81c\ub97c \ub2e4\ub8e8\uace0 \uc788\ub2e4. SEC\ub294 \uacfc\uac70\uc5d0\ub3c4 \ub9ce\uc740 \uc554\ud638\ud654\ud3d0 \ud1a0\ud070\uc744 \uc99d\uad8c\uc73c\ub85c \ubd84\ub958\ud558\ub294 \ub370 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \ubcf4\uc600\uc73c\ub098, \uc774 \ubb38\uc81c\ub294 \uc5ec\uc804\ud788 \ud574\uacb0\ub418\uc9c0 \uc54a\uc740 \uc0c1\ud0dc\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc774 \uc0c8\ub86d\uac8c \ucde8\uc784\ud55c \ud589\uc815\ubd80<\/strong> \ud558\uc5d0\uc11c, SEC\ub294 \uc554\ud638\ud654\ud3d0 \uaddc\uc81c\uc5d0 \ub354\uc6b1 \uc801\uadf9\uc801\uc778 \uc785\uc7a5\uc744 \ucde8\ud560 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc554\ud638\ud654\ud3d0 \ud0dc\uc2a4\ud06c\ud3ec\uc2a4(crypto task force)\ub97c \uc2e0\uc124\ud558\uc5ec \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0 \ub300\ud55c \uba85\ud655\ud55c \uac00\uc774\ub4dc\ub77c\uc778\uc744 \uc218\ub9bd\ud558\ub294 \uc791\uc5c5\uc5d0 \ucc29\uc218\ud560 \uc608\uc815\uc774\ub2e4. \uc774\ub7ec\ud55c \ubcc0\ud654\ub294 <strong>Pump.fun\uacfc \uac19\uc740 \uc554\ud638\ud654\ud3d0 \uae30\uc5c5\uc744 \ub458\ub7ec\uc2fc \ubc95\uc801 \ubd84\uc7c1\uc5d0\ub3c4 \ud070 \uc601\ud5a5\uc744 \ubbf8\uce60 \uac00\ub2a5\uc131<\/strong>\uc774 \uc788\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc774\ubc88 \uc18c\uc1a1\uc5d0\uc11c \ud575\uc2ec \uc7c1\uc810 \uc911 \ud558\ub098\ub294 <strong>\ubc08\ucf54\uc778\uc758 \ubc95\uc801 \ubd84\ub958<\/strong>\ub2e4. \uc77c\ubd80\uc5d0\uc11c\ub294 <strong>\ubc08\ucf54\uc778\uc774 1987\ub144 \uc99d\uad8c\uac70\ub798\ubc95(Securities Exchange Act) \uac1c\uc815\uc548\uc5d0 \ub530\ub77c \uc99d\uad8c\uc73c\ub85c \uac04\uc8fc\ub420 \uc218 \uc5c6\ub2e4\ub294 \uc8fc\uc7a5<\/strong>\uc744 \ub0b4\ub193\uace0 \uc788\ub2e4. \uc2e4\uc81c\ub85c, 2019\ub144 <strong>\ub3c4\uc9c0\ucf54\uc778(Dogecoin) \ud30c\uc0dd\uc0c1\ud488<\/strong>\uacfc \uad00\ub828\ub41c \uc720\uc0ac\ud55c \uc18c\uc1a1\uc5d0\uc11c SEC\ub294 \uc774\ub97c \uc99d\uad8c\uc73c\ub85c \ubd84\ub958\ud558\ub824\ub2e4 \ud328\uc18c\ud55c \ubc14 \uc788\ub2e4.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udea8 LATEST: Pump. fun has been hit with a class action lawsuit accusing it of violating the US securities laws, claiming that all memecoins on the platform are securities. <a href=\"https:\/\/t.co\/znmnCywmsN\">pic.twitter.com\/znmnCywmsN<\/a><\/p>&mdash; Cointelegraph (@Cointelegraph) <a href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1885123329058889984?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">January 31, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\ub17c\ub780\uacfc \ubc95\uc801 \uac08\ub4f1<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Pump.fun\uc740 \ubc95\uc801 \ubd84\uc7c1 \uc678\uc5d0\ub3c4 <strong>\ud50c\ub7ab\ud3fc \uae30\ub2a5\uacfc \uad00\ub828\ub41c \uc5ec\ub7ec \ub17c\ub780<\/strong>\uc5d0 \ud718\ub9d0\ub824 \uc654\ub2e4. \ud2b9\ud788, <strong>2024\ub144 11\uc6d4<\/strong>, \ud50c\ub7ab\ud3fc\uc774 \ub3c4\uc785\ud55c <strong>\ub77c\uc774\ube0c \uc2a4\ud2b8\ub9ac\ubc0d \uae30\ub2a5<\/strong>\uc774 \ud070 \ubb38\uc81c\uac00 \ub418\uc5c8\ub2e4. \ud574\ub2f9 \uae30\ub2a5\uc774 \ub3c4\uc785\ub41c \uc9c1\ud6c4, \uc77c\ubd80 \uc0ac\uc6a9\uc790\uac00 <strong>\ud3ed\ub825\uc801\uc778 \uc7a5\uba74\uacfc \ubd80\uc801\uc808\ud55c \ucf58\ud150\uce20<\/strong>\ub97c \ubc29\uc1a1\ud558\ub294 \ub370 \uc545\uc6a9\ud558\uba74\uc11c \uc2ec\uac01\ud55c \ub17c\ub780\uc774 \ubc1c\uc0dd\ud588\ub2e4. \uc774\uc5d0 \ub300\ud55c <strong>\uacf5\uacf5\uc758 \ubc18\ubc1c\uc774 \uac70\uc138\uc9c0\uc790, Pump.fun\uc740 \ud574\ub2f9 \uae30\ub2a5\uc744 \uc989\uac01 \ube44\ud65c\uc131\ud654<\/strong>\ud560 \uc218\ubc16\uc5d0 \uc5c6\uc5c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ub610\ud55c, <strong>\uc601\uad6d \uae08\uc735\uac10\ub3c5\uae30\uad00(U.K. financial regulator)<\/strong> \uc5ed\uc2dc \uc9c0\ub09c <strong>3\uc6d4 Pump.fun\uc5d0 \ub300\ud55c \uacbd\uace0\ub97c \ubc1c\ud589<\/strong>\ud558\uba70 \ud50c\ub7ab\ud3fc\uc744 \uc8fc\uc2dc\ud588\ub2e4. \uc774\uc5d0 \ub300\uc751\ud574, <strong>Pump.fun\uc740 \uc601\uad6d \uc0ac\uc6a9\uc790\ub4e4\uc758 \uc811\uadfc\uc744 \ucc28\ub2e8<\/strong>\ud558\uba70 \uaddc\uc81c \uc694\uad6c\ub97c \uc900\uc218\ud558\ub824\ub294 \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc774\ub7ec\ud55c \ub17c\ub780\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, <strong>Pump.fun\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc740 \uc5ec\uc804\ud788 \uc554\ud638\ud654\ud3d0 \ucee4\ubba4\ub2c8\ud2f0\uc5d0\uc11c \ub9c9\ub300\ud55c \uc218\uc218\ub8cc \uc218\uc775\uacfc \uad00\uc2ec\uc744 \ub04c\uace0 \uc788\ub294 \uc0c1\ud669<\/strong>\uc774\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shot-365.com\/\">\ub9c8\uc2a4\ud130<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc774\ubc88 \ubc95\uc801 \uc870\uce58\ub294 \uc554\ud638\ud654\ud3d0 \uaddc\uc81c \ud658\uacbd\uc5d0\uc11c \ubc08\ucf54\uc778\uc758 \ubc95\uc801 \uc9c0\uc704\uc5d0 \ub300\ud55c \uc758\ubb38\uc744 \uc81c\uae30\ud558\uba70, SEC\uac00 \ud604\uc7ac \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0 \ub300\ud55c \uc785\uc7a5\uc744 \uc7ac\uac80\ud1a0\ud558\uace0 \uc788\ub294 \uac00\uc6b4\ub370 \uc81c\uae30\ub418\uc5c8\ub2e4. \uc778\uae30 \uc788\ub294 \ubc08\ucf54\uc778 \uc0dd\uc131 \ud50c\ub7ab\ud3fc\uc778 Pump.fun\uc774 \ubbf8\uad6d \uc99d\uad8c\ubc95 \uc704\ubc18 \ud610\uc758\ub85c \ud68c\uc0ac \ubc0f \uacbd\uc601\uc9c4\uc744 \uc0c1\ub300\ub85c \ud55c \uc0c8\ub85c\uc6b4 \uc9d1\ub2e8 \uc18c\uc1a1\uc758 \uc911\uc2ec\uc5d0 \uc11c\uac8c \ub418\uc5c8\ub2e4. 2025\ub144 1\uc6d4 30\uc77c \ub274\uc695 \ub0a8\ubd80 \uc9c0\ubc29\ubc95\uc6d0\uc5d0 \uc81c\ucd9c\ub41c \uc774\ubc88 \uc18c\uc1a1\uc740 Pump.fun\uc774 \ub4f1\ub85d\ub418\uc9c0 \uc54a\uc740 \uc99d\uad8c\uc744 \uc81c\uacf5\ud558\uba74\uc11c \uc57d 5\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\ub294 \uc218\uc218\ub8cc\ub97c \ubc8c\uc5b4\ub4e4\uc600\ub2e4\uace0 \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4. \uc99d\uad8c\ubc95 \uc704\ubc18 \ubc0f \ud5c8\uc704 \uc57d\uc18d \ud610\uc758 \uc774\ubc88 \uc18c\uc1a1\uc740 Pump.fun\uacfc \uadf8 \uc6b4\uc601 \uc8fc\uccb4\uc778 Baton Corporation Ltd\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc8fc\uc694 \uc778\ubb3c\uc778 \uc54c\ub860 \ucf54\ud5e8(Alon Cohen), \ub51c\ub7f0 \uceec\ub7ec(Dylan Kerler), \ub178\uc544 \ubc84\ub098\ub4dc \ud734\uace0 \ud2b8\uc704\ub2ec(Noah Bernhard Hugo Tweedale)\uc744 \ub300\uc0c1\uc73c\ub85c \ud558\uace0 \uc788\ub2e4. \uc6d0\uace0 \ub514\uc5d0\uace0 \uc544\uae38\ub77c\ub974(Diego Aguilar)\ub294 Fwog \ud1a0\ud070\uacfc Griffain(GRIFFAIN) \ud1a0\ud070\uc744 \ud3ec\ud568\ud55c \uc5ec\ub7ec \ud1a0\ud070\uc744 Pump.fun \ud50c\ub7ab\ud3fc\uc5d0\uc11c \uad6c\ub9e4\ud55c \ud6c4 \uc7ac\uc815\uc801 \uc190\uc2e4\uc744 \uc785\uc5c8\ub2e4\uace0 \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \ud1a0\ud070\ub4e4\uc740 \ubc08\ucf54\uc778 \ubb38\ud654\uc640 \ube60\ub978 \uc218\uc775\uc744 \uc57d\uc18d\ud558\ub294 \ub9c8\ucf00\ud305\uc744 \ud1b5\ud574 \uc801\uadf9\uc801\uc73c\ub85c \ud64d\ubcf4\ub418\uc5c8\uc73c\uba70, \ub192\uc740 \ubcc0\ub3d9\uc131\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uacfc\ub300\ud3c9\uac00\ub41c \uac00\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \uc544\uae38\ub77c\ub974\ub294 Pump.fun\uc774 \uae30\ud558\uae09\uc218\uc801\uc778 \uc218\uc775\uc744 \uc57d\uc18d\ud558\ub294 \uacfc\uc7a5\ub41c \ud64d\ubcf4\ub97c \ud1b5\ud574 \ud22c\uc790\uc790\ub4e4\uc744 \uc720\uc778\ud588\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4. \uc608\ub97c \ub4e4\uc5b4, Fwog \ud1a0\ud070\uc740 5\uc5b5 \ub2ec\ub7ec\uc758 \uc2dc\uac00\ucd1d\uc561\uc744 \uae30\ub85d\ud560 \uac83\uc774\ub77c\uace0 \ud64d\ubcf4\ub418\uc5c8\uc73c\ub098, \uc2e4\uc81c \uc2dc\uc7a5 \uc0c1\ud669\uc740 \ud06c\uac8c \ub2ec\ub790\uc73c\uba70 \ub9ce\uc740 \ud22c\uc790\uc790\uac00 \ub9c9\ub300\ud55c \uc190\uc2e4\uc744 \uc785\uc5c8\ub2e4. \uc18c\uc1a1\uc5d0\uc11c\ub294 Pump.fun\uc758 \uc6b4\uc601 \ubc29\uc2dd\uc774 \uc99d\uad8c\ubc95(Securities Act)\uc744 \uc704\ubc18\ud588\ub2e4\uace0 \uac15\uc870\ud558\uba70, \ub4f1\ub85d\uc774 \ud544\uc694\ud55c \uc99d\uad8c\uc73c\ub85c \uac04\uc8fc\ub420 \uc218 \uc788\ub294 \ud1a0\ud070\ub4e4\uc744 \uc815\uc2dd \ub4f1\ub85d \uc5c6\uc774 \ud310\ub9e4\ud588\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4. \uc6d0\uace0\ub294 \ubaa8\ub4e0 \ud1a0\ud070 \uad6c\ub9e4\uc758 \ucde8\uc18c(Rescission), \uae08\uc804\uc801 \uc190\ud574 \ubc30\uc0c1(Monetary Damages), \uc18c\uc1a1 \ube44\uc6a9(Litigation Costs) \ubcf4\uc0c1\uc744 \uc694\uad6c\ud558\uace0 \uc788\ub2e4. Pump.fun\uc758 \u201c\ud3f0\uc9c0 \uc0ac\uae30(Ponzi-like)\u201d \uad6c\uc870 \uc774\ubc88 \uc18c\uc1a1\uc740 \uc758\uc2ec\uc2a4\ub7ec\uc6b4 \ud65c\ub3d9\uc744 \ud558\ub294 \uc554\ud638\ud654\ud3d0 \ud50c\ub7ab\ud3fc\uc744 \uaca8\ub0e5\ud55c \ubc95\uc801 \ub300\uc751\uc774 \uc99d\uac00\ud558\ub294 \ud750\ub984\uc758 \uc77c\ubd80\ub2e4. \uc774\ub2ec \ucd08 Burwick Law\ub294 \ucf04\ub2ec \uce74\ub098\ud55c(Kendall Carnahan)\uc744 \ub300\ub9ac\ud574 Pump.fun\uc758 \u2018Peanut the Squirrel\u2019 \ud1a0\ud070 \ud310\ub9e4\uc640 \uad00\ub828\ub41c \ubcc4\ub3c4\uc758 \uc18c\uc1a1\uc744 \uc81c\uae30\ud558\uba70 \ud50c\ub7ab\ud3fc\uc5d0 \ub300\ud55c \uc555\ubc15\uc744 \ub354\uc6b1 \uac15\ud654\ud588\ub2e4. \uc774\ubc88 \ubc95\uc801 \uace0\uc18c\uc7a5\uc740 Pump.fun\uc774 \ub4f1\ub85d\ub418\uc9c0 \uc54a\uc740 \uc99d\uad8c\uc744 \uacf5\ub3d9 \ubc1c\ud589(co-issue) \ubc0f \ud64d\ubcf4\ud558\ub294 \ud50c\ub7ab\ud3fc\uc744 \uc6b4\uc601\ud588\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4. \ub610\ud55c, Pump.fun\uc758 \uc6b4\uc601 \ubc29\uc2dd\uc744 \uc0c8\ub85c\uc6b4 \ud615\ud0dc\uc758 \ud3f0\uc9c0 \uc0ac\uae30 \ubc0f \u2018\ud38c\ud504\uc564\ub364\ud504(pump-and-dump)\u2019 \ubc29\uc2dd\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4. \uc18c\uc1a1\uc5d0 \ub530\ub974\uba74, Pump.fun\uc740 \uc778\ud50c\ub8e8\uc5b8\uc11c\ub4e4\uc744 \uc774\uc6a9\ud574 \ubc08\ucf54\uc778\uc5d0 \ub300\ud55c \uc778\uc704\uc801\uc778 \uacfc\uc7a5 \uad11\uace0\uc640 \uae34\uae09\uc131\uc744 \uc870\uc131\ud558\uc5ec, \uac1c\uc778 \ud22c\uc790\uc790\ub4e4\uc774 \ucda9\ubd84\ud55c \uc815\ubcf4\ub97c \uac16\ucd94\uc9c0 \ubabb\ud55c \uc0c1\ud0dc\uc5d0\uc11c \uc131\uae09\ud558\uac8c \uad6c\ub9e4 \uacb0\uc815\uc744 \ub0b4\ub9ac\ub3c4\ub85d \uc720\ub3c4\ud588\ub2e4. \ub610\ud55c, \uc18c\uc1a1\uc740 Pump.fun\uc774 \ud50c\ub7ab\ud3fc \ub0b4\uc5d0\uc11c \ubaa8\ub4e0 \uae30\uc220 \uc778\ud504\ub77c, \uc720\ub3d9\uc131, \uac00\uaca9 \ucc45\uc815 \ubc0f \ud1a0\ud070 \ud64d\ubcf4\ub97c \uc644\uc804\ud788 \ud1b5\uc81c\ud588\uc73c\uba70, \uc774\uc5d0 \ub530\ub77c \ubbf8\uad6d \uc99d\uad8c\ubc95\uc0c1 \ubc1c\ud589\uc790(Issuer) \ubc0f \ubc95\uc801 \ud310\ub9e4\uc790(Statutory Seller)\uc5d0 \ud574\ub2f9\ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4. SEC\uc758 \uc554\ud638\ud654\ud3d0 \uaddc\uc81c \uc811\uadfc \ubc29\uc2dd \ubcc0\ud654 \ubbf8\uad6d \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c(SEC)\ub294 \ud604\uc7ac \ub514\uc9c0\ud138 \uc790\uc0b0, \ud2b9\ud788 Pump.fun\uc774 \uc81c\uacf5\ud55c \ubc08\ucf54\uc778\ub4e4\uc744 \uc5b4\ub5bb\uac8c \ubd84\ub958\ud560 \uac83\uc778\uc9c0\uc5d0 \ub300\ud55c \ubb38\uc81c\ub97c \ub2e4\ub8e8\uace0 \uc788\ub2e4. SEC\ub294 \uacfc\uac70\uc5d0\ub3c4 \ub9ce\uc740 \uc554\ud638\ud654\ud3d0 \ud1a0\ud070\uc744 \uc99d\uad8c\uc73c\ub85c \ubd84\ub958\ud558\ub294 \ub370 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \ubcf4\uc600\uc73c\ub098, \uc774 \ubb38\uc81c\ub294 \uc5ec\uc804\ud788 \ud574\uacb0\ub418\uc9c0 \uc54a\uc740 \uc0c1\ud0dc\ub2e4. \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc774 \uc0c8\ub86d\uac8c \ucde8\uc784\ud55c \ud589\uc815\ubd80 \ud558\uc5d0\uc11c, SEC\ub294 \uc554\ud638\ud654\ud3d0 \uaddc\uc81c\uc5d0 \ub354\uc6b1 \uc801\uadf9\uc801\uc778 \uc785\uc7a5\uc744 \ucde8\ud560 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc554\ud638\ud654\ud3d0 \ud0dc\uc2a4\ud06c\ud3ec\uc2a4(crypto task force)\ub97c \uc2e0\uc124\ud558\uc5ec \ub514\uc9c0\ud138 \uc790\uc0b0\uc5d0 \ub300\ud55c \uba85\ud655\ud55c \uac00\uc774\ub4dc\ub77c\uc778\uc744 \uc218\ub9bd\ud558\ub294 \uc791\uc5c5\uc5d0 \ucc29\uc218\ud560 \uc608\uc815\uc774\ub2e4. \uc774\ub7ec\ud55c \ubcc0\ud654\ub294 Pump.fun\uacfc \uac19\uc740 \uc554\ud638\ud654\ud3d0 \uae30\uc5c5\uc744 \ub458\ub7ec\uc2fc \ubc95\uc801 \ubd84\uc7c1\uc5d0\ub3c4 \ud070 \uc601\ud5a5\uc744 \ubbf8\uce60 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uc774\ubc88 \uc18c\uc1a1\uc5d0\uc11c \ud575\uc2ec \uc7c1\uc810 \uc911 \ud558\ub098\ub294 \ubc08\ucf54\uc778\uc758 \ubc95\uc801 \ubd84\ub958\ub2e4. \uc77c\ubd80\uc5d0\uc11c\ub294 \ubc08\ucf54\uc778\uc774 1987\ub144 \uc99d\uad8c\uac70\ub798\ubc95(Securities Exchange Act) \uac1c\uc815\uc548\uc5d0 \ub530\ub77c \uc99d\uad8c\uc73c\ub85c \uac04\uc8fc\ub420 \uc218 \uc5c6\ub2e4\ub294 \uc8fc\uc7a5\uc744 \ub0b4\ub193\uace0 \uc788\ub2e4. \uc2e4\uc81c\ub85c, 2019\ub144 \ub3c4\uc9c0\ucf54\uc778(Dogecoin) \ud30c\uc0dd\uc0c1\ud488\uacfc \uad00\ub828\ub41c \uc720\uc0ac\ud55c \uc18c\uc1a1\uc5d0\uc11c SEC\ub294 \uc774\ub97c \uc99d\uad8c\uc73c\ub85c \ubd84\ub958\ud558\ub824\ub2e4 \ud328\uc18c\ud55c \ubc14 \uc788\ub2e4. \ub17c\ub780\uacfc \ubc95\uc801 \uac08\ub4f1 Pump.fun\uc740 \ubc95\uc801 \ubd84\uc7c1 \uc678\uc5d0\ub3c4 \ud50c\ub7ab\ud3fc \uae30\ub2a5\uacfc \uad00\ub828\ub41c \uc5ec\ub7ec \ub17c\ub780\uc5d0 \ud718\ub9d0\ub824 \uc654\ub2e4. \ud2b9\ud788, 2024\ub144 11\uc6d4, \ud50c\ub7ab\ud3fc\uc774 \ub3c4\uc785\ud55c \ub77c\uc774\ube0c \uc2a4\ud2b8\ub9ac\ubc0d \uae30\ub2a5\uc774 \ud070 \ubb38\uc81c\uac00 \ub418\uc5c8\ub2e4. \ud574\ub2f9 \uae30\ub2a5\uc774 \ub3c4\uc785\ub41c \uc9c1\ud6c4, \uc77c\ubd80 \uc0ac\uc6a9\uc790\uac00 \ud3ed\ub825\uc801\uc778 \uc7a5\uba74\uacfc \ubd80\uc801\uc808\ud55c \ucf58\ud150\uce20\ub97c \ubc29\uc1a1\ud558\ub294 \ub370 \uc545\uc6a9\ud558\uba74\uc11c \uc2ec\uac01\ud55c \ub17c\ub780\uc774 \ubc1c\uc0dd\ud588\ub2e4. \uc774\uc5d0 \ub300\ud55c \uacf5\uacf5\uc758 \ubc18\ubc1c\uc774 \uac70\uc138\uc9c0\uc790, Pump.fun\uc740 \ud574\ub2f9 \uae30\ub2a5\uc744 \uc989\uac01 \ube44\ud65c\uc131\ud654\ud560 \uc218\ubc16\uc5d0 \uc5c6\uc5c8\ub2e4. \ub610\ud55c, \uc601\uad6d \uae08\uc735\uac10\ub3c5\uae30\uad00(U.K. financial regulator) \uc5ed\uc2dc \uc9c0\ub09c 3\uc6d4 Pump.fun\uc5d0 \ub300\ud55c \uacbd\uace0\ub97c \ubc1c\ud589\ud558\uba70 \ud50c\ub7ab\ud3fc\uc744 \uc8fc\uc2dc\ud588\ub2e4. \uc774\uc5d0 \ub300\uc751\ud574, Pump.fun\uc740 \uc601\uad6d \uc0ac\uc6a9\uc790\ub4e4\uc758 \uc811\uadfc\uc744 \ucc28\ub2e8\ud558\uba70 \uaddc\uc81c \uc694\uad6c\ub97c \uc900\uc218\ud558\ub824\ub294 \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4. \uc774\ub7ec\ud55c \ub17c\ub780\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, Pump.fun\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc740 \uc5ec\uc804\ud788 \uc554\ud638\ud654\ud3d0 \ucee4\ubba4\ub2c8\ud2f0\uc5d0\uc11c \ub9c9\ub300\ud55c \uc218\uc218\ub8cc \uc218\uc775\uacfc \uad00\uc2ec\uc744 \ub04c\uace0 \uc788\ub294 \uc0c1\ud669\uc774\ub2e4. \ub9c8\uc2a4\ud130<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-97","post","type-post","status-publish","format-standard","hentry","category-6"],"_links":{"self":[{"href":"https:\/\/shot-365.com\/index.php?rest_route=\/wp\/v2\/posts\/97","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shot-365.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shot-365.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shot-365.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shot-365.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97"}],"version-history":[{"count":1,"href":"https:\/\/shot-365.com\/index.php?rest_route=\/wp\/v2\/posts\/97\/revisions"}],"predecessor-version":[{"id":101,"href":"https:\/\/shot-365.com\/index.php?rest_route=\/wp\/v2\/posts\/97\/revisions\/101"}],"wp:attachment":[{"href":"https:\/\/shot-365.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shot-365.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shot-365.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}