Pump.fun offers up to $5 million salary for chief legal officer role

Solana-based memecoin launchpad and trading platform Pump.fun is offering a lucrative salary package of between $1 million and $5 million in the search for someone to take the reins as its chief legal officer.

In an X post on Wednesday, Pump.fun co-founder Alon Cohen said Baton Corporation, the development company behind Pump.fun, is hiring a legal executive to work alongside its "General Counsel for regulatory affairs matters, product counsel, corporate governance, cross-border compliance, and more."

"We've built one of the fastest growing crypto platforms in history, with ambitions to create a global consumer brand that tokenizes the world's highest potential, early-stage ideas," Cohen wrote.

According to the job description, the position would serve as the company's expert on U.S. digital asset regulation, covering agencies like the SEC, CFTC, FinCEN, and OFAC, while overseeing the firm's "regulatory posture" across the U.K., European Union, and Asia-Pacific regions.

The role would also involve managing investigations, litigation, and law enforcement requests.

Baton Corporation describes Pump.fun as "the dominant memecoin launchpad on Solana," claiming the platform processes more than $300 million in daily volume and made more than $500 million in profit last year with only around 100 employees.

Navigating controversy

Pump.fun (PUMP) has been no stranger to controversy, both legal and otherwise, in its two-and-a-half-year existence.

Most recently, the platform's new bounty marketplace, Pump.fun GO, drew criticism after users posted extreme and provocative tasks in exchange for rewards paid in Solana's native (SOL) tokens. Reports found that some users were paid to get promotional tattoos on their faces, while one bounty offered nearly $700,000 for someone to film their suicide was later removed.

Pump.fun has faced similar controversies before this as well. During the memecoin boom in 2024, creators used the platform's livestream feature to promote tokens through acts that included self-harm, violence, and animal abuse. The platform eventually suspended the feature before relaunching it with stricter moderation policies.

The company is also currently defending itself against a class action lawsuit in New York by investors who allege Pump.fun and other Solana ecosystem firms operated an unlicensed securities and racketeering enterprise. The case remains pending with parties litigating motions to dismiss.