Pump.fun’s bounties scheme turns into a loop of circular scamming

Intelligence Summary

Pump.fun promotes a bounties feature that lets users pay others for small tasks. The Wired report says the system often becomes a conduit for grift rather than legitimate work. Scammers reportedly exploit user expectations by cycling tasks and payments among participants. This can waste funds and create confusion around what users are actually buying. Anyone using the platform’s bounties should treat offers as high-risk and verify trust and outcomes before paying.

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