Pump.fun Parent Baton Offers Up to $5 Million for a Chief Legal Officer

Baton Corporation, the company behind memecoin platform Pump.fun, is advertising a $1 million to $5 million base salary for a chief legal officer while it defends a securities and racketeering class action in New York federal court that seeks billions.

Pump.fun Parent Baton Offers Up to $5 Million for a Chief Legal Officer Baton Corporation, the company behind memecoin platform Pump.fun, is advertising a $1 million to $5 million base salary for a chief legal officer while it defends a securities and racketeering class action in New York federal court that seeks billions. Aaron Rafferty June 24, 2026 Key Takeaways Baton Corporation, the company behind Pump.fun, is offering a $1 million to $5 million base salary for a chief legal officer, co-founder Alon Cohen announced on June 23. Baton is defending a consolidated class action in the Southern District of New York that accuses Pump.fun and Solana-ecosystem firms of running an unregistered securities and racketeering enterprise. The complaint alleges the platform extracted as much as $5.5 billion from retail traders, putting the legal stakes far above the salary on offer. The company behind Pump.fun wants a chief legal officer, and it is willing to pay up to $5 million a year for one. Baton Corporation, which develops the memecoin launchpad, posted a $1 million to $5 million base salary for the role, an announcement co-founder Alon Cohen made on X on June 23 and that The Block first reported. The salary is eye-catching on its own. The context is the reason it matters. Baton is fighting a class action in the Southern District of New York, filed in early 2025, that accuses Pump.fun and several Solana-ecosystem companies of operating an unregistered securities and racketeering enterprise. A consolidated amended complaint filed in July 2025 named Pump.fun, Solana Labs, the Solana Foundation, Jito Labs, and the Jito Foundation, and alleged a "Pump Enterprise" that pulled between $4 billion and $5.5 billion from retail traders. It added claims under the federal Racketeer Influ