{"id":9267,"date":"2026-08-01T02:18:21","date_gmt":"2026-07-31T23:18:21","guid":{"rendered":"https:\/\/handoli.com\/index.php\/2026\/08\/01\/pump-fun-is-firing-staff-and-its-company-filings-are-overdue-report\/"},"modified":"2026-08-01T02:18:21","modified_gmt":"2026-07-31T23:18:21","slug":"pump-fun-is-firing-staff-and-its-company-filings-are-overdue-report","status":"publish","type":"post","link":"https:\/\/handoli.com\/index.php\/2026\/08\/01\/pump-fun-is-firing-staff-and-its-company-filings-are-overdue-report\/","title":{"rendered":"Pump Fun is firing staff and its company filings are overdue, report"},"content":{"rendered":"
<\/div>\n

Memecoin platform Pump Fun reportedly fired staff members months before their Pump Fun tokens were about to be unlocked, leaving one employee cut off from a potential seven-figure payout.<\/p>\n

That\u2019s according to crypto news outlet Sandmark<\/em>, which obtained recordings and files on the firings.<\/p>\n

It reports<\/a> that Pump Fun was able to grow its employee count to 100 this year. However, recordings of a March meeting revealed the platform\u2019s co-founder Noah Tweedale telling staff that layoffs were needed as Pump Fun \u201cgrew too quickly\u201d and couldn\u2019t move \u201cfast and rough.\u201d<\/p>\n

Sandmark <\/em>claims that several employees were terminated in April. Many of those affected reportedly signed a token agreement in mid-June 2025 that would\u2019ve seen a quarter of their Pump Fun tokens unlocked two months later.<\/p>\n

According to one X account claiming<\/a> to campaign on behalf of Pump Fun employees who were laid off before their vesting period unlocked, over 40 staff members have faced the chop in the last two months.<\/p>\n

The account\u2019s owner says they were laid off just one day before the vesting period unlocked, and that many of the employees were \u201ctreated like cattle.\u201d<\/p>\n

They have since restricted the account and deleted one of its posts.<\/p>\n

Read more: Crypto firms cut jobs as bear market and AI shift bite<\/a><\/em><\/p>\n

Pump Fun is behind on its regulatory filings<\/h2>\n

Sandmark <\/em>also spotted that the business accounts of Pump Fun\u2019s UK parent company, Baton Corporation, are overdue by one month. Indeed, UK Companies House states<\/a> the accounts dated up to 30 September 2025 are yet to be filed. <\/p>\n

It says the penalty for being more than a month overdue is \u00a3375 ($505), over three months is \u00a3750 ($1,010), and over six months will land Pump Fun with a fine of \u00a31,500 ($2,020). <\/p>\n

Of course, this is chump change for a firm that recently hit<\/a> cumulative revenue of over $1 billion. Its PUMP token, however, is down almost 76% since it\u2019s all-time high last September.<\/p>\n

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It\u2019s been 365 days since Pump Fun promised an airdrop was \u2018coming soon\u2019<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Read more: Coldcard attack: 25 minutes, 500 wallets, $38M in BTC gone<\/a><\/em><\/p>\n

Pump Fun has joined<\/a> a raft of crypto firms that have fired staff this year. However, the firm\u2019s \u201cgrew too quickly\u201d explanation appears to differ from the prevailing narrative across the industry. <\/p>\n

When crypto exchange Coinbase announced<\/a> in May that it would lay off 14% of its workforce, it claimed this was due to market conditions and Coinbase\u2019s desire to incorporate AI.\u00a0<\/p>\n

Gemini also let go of 25% of its staff in February while citing AI changes, while Jack Dorsey\u2019s Block cited AI when it decided to fire 50% (around 4,000 members) of its staff.\u00a0<\/p>\n

Got a tip? Send us an email securely via\u00a0Protos Leaks<\/em><\/a>. For more informed news and investigations, follow us on\u00a0X<\/a>,\u00a0Bluesky<\/em><\/a>, and\u00a0Google News<\/em><\/a>, or subscribe to our\u00a0YouTube<\/em><\/a>\u00a0channel.<\/em><\/p>\n

The post Pump Fun is firing staff and its company filings are overdue, report<\/a> appeared first on Protos<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Memecoin platform Pump Fun reportedly fired staff members months before their Pump Fun tokens were about to be unlocked, leaving one employee cut off from a potential seven-figure payout. That\u2019s according to crypto news outlet Sandmark, which obtained recordings and files on the firings. It reports that Pump Fun was able to grow its employee […]<\/p>\n","protected":false},"author":1,"featured_media":9268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[147],"tags":[],"class_list":["post-9267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"_links":{"self":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/comments?post=9267"}],"version-history":[{"count":0,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media\/9268"}],"wp:attachment":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media?parent=9267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/categories?post=9267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/tags?post=9267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}