X Network Blocks Pump.fun and 19 Other Crypto Accounts Amid Legal and API Controversies

On June 16, the social network X suspended the accounts of the «meme token factory» Pump.fun and its founder.

Along with these accounts, at least 19 other cryptocurrency-related accounts were also blocked. The standard notification about a breach of X’s rules is displayed on the affected pages.

A user named Otto compiled a list that also included trading platforms such as GMGN and BullX, as well as Bloom Trading and the AI tool Eliza OS.

Representatives from GMGN stated on Telegram that they are contesting this decision and negotiating with X to restore access as soon as possible.

Users noted that the social network does not permit the posting of tweets containing links to the Pump.fun website.

Within the cryptocurrency community, several theories about the incident are being discussed. One theory suggests that the suspensions are linked to the use of third-party APIs that circumvent X’s paid subscription. The cost of the official API for startups starts at $60,000 per year.

Other users believe that the suspensions resulted from a surge of complaints against the accounts.

There are also rumors circulating that the blocks may be connected to a court order.

Earlier this year, Pump.fun faced legal challenges in the U.S. A New York law firm, Burwick Law, announced plans to file a lawsuit against the platform on behalf of investors who incurred «significant losses.»

Following the account suspension, the lawyers overseeing the case stated that they are already representing over 500 investors who may have lost money due to tokens launched through Pump.fun.

It is worth mentioning that on February 26, the X account of Pump.fun was hacked to promote fraudulent tokens. The project team regained access to the account on the same day.