The memecoin platform Pump.fun, built on the Solana blockchain, announced on Monday that it has temporarily suspended its live-streaming feature due to the rise of harmful content.
Originally introduced earlier this year to help users promote their memecoins, the live-streaming option was quickly exploited by some to broadcast disturbing and inappropriate material.
Reports emerged of live streams containing content such as child abuse, bestiality, and suicide threats, all aimed at manipulating the value of tokens.
In response, the Pump.fun team issued a statement assuring users that the live-streaming feature would remain disabled until the platform’s moderation tools could be improved to handle these harmful activities.
They also emphasized plans to be more transparent with the community by publishing clear rules and guidelines for using the platform.
Additionally, the team vowed to provide users with more insight into the moderation process to ensure greater understanding and accountability in the future.
A cyberattack on X (formerly Twitter) recently disrupted access for thousands of users, but the issue was quickly resolved.
Binance has secured a record-breaking $2 billion investment from Abu Dhabi’s MGX, marking the largest crypto investment to date and the biggest transaction settled in stablecoins.
Tom Emmer, U.S. Representative from Minnesota, argued at a March 11 hearing that central bank digital currencies (CBDCs) could undermine American values by enabling unnecessary financial surveillance.
After a prolonged absence from the Indian market due to regulatory concerns, Coinbase has secured authorization from India’s financial regulator to resume its services in the country.