Pump.fun legal chief hiring has drawn fresh attention after Baton Corporation, the UK-registered company behind the Solana memecoin launchpad, posted a Chief Legal Officer opening on June 24 with annual base pay between $1 million and $5 million.
The listing comes as the company faces a consolidated class action and a separate RICO claim that could increase its legal and financial exposure.
Co-founder Alon Cohen promoted the opening and said the company is seeking someone who can “own the company’s regulatory and litigation posture.” The role points to a wider legal push as Baton manages claims in the United States while also addressing compliance questions across major markets.
Lawsuits raise pressure on Baton
Baton is defending a consolidated class action in the Southern District of New York. Lead plaintiff Diego Aguilar filed the case through Wolf Popper LLP. The complaint alleges that tokens were launched through Pump.fun qualify as unregistered securities under Sections 5 and 12(a)(1) of the Securities Act of 1933.
The company is also facing a separate complaint filed on January 16, 2025. That case centers on the PNUT token, a Solana memecoin that plaintiffs say reached a $1 billion market capitalization before declining 89% from its peak. Brown Rudnick LLP has represented Baton on retainer.
Plaintiffs have also advanced a RICO theory, alleging that Baton operated a racketeering enterprise. The statute allows treble damages, and the case has been sized at about $5.5 billion. Plaintiffs have asked the court to appoint a receiver to take control of Baton’s operations.
Job listing reveals business scale
The CLO listing includes figures that Baton has not widely publicized. It states that Pump.fun handles more than $300 million in daily trading volume and generated over $500 million in profit last year. The listing also says the company operates with fewer than 100 employees.
Pump.fun was geo-blocked from the United Kingdom in 2024 after FCA action, according to a Change.org petition seeking a coordinated European criminal investigation into Baton’s operations. The same petition cites Dune Analytics data showing that more than 60% of about 4.25 million wallets trading on Pump.fun lost money. It also says nearly 1,700 wallets lost more than $100,000 each.
CLO role targets global compliance
The compensation range underscores the legal importance of the senior role. The job description requires at least 10 years of experience, New York Bar admission, and direct experience with regulatory investigations and enforcement actions.
The CLO would report to a general counsel and oversee risks tied to SEC, CFTC, FinCEN, OFAC, FCA, and MiCA obligations. The Aguilar case has no trial date. The court docket shows the most recent filing date as April 14, 2026.
