Pump.fun laid off workers before they received millions in PUMP tokens: Report

60-second summary

Pump.fun is facing controversy after reportedly laying off workers before distributing millions of PUMP tokens, a new cryptocurrency. Co-founder Noah Tweedale attributed the layoffs to the company's rapid growth. The exact number of laid-off employees is unclear, but the move has raised concerns about the company's priorities and treatment of staff, potentially damaging its reputation in the crypto industry.