David Hirsch, the former chief of the Crypto Assets and Cyber Unit in the U.S. SEC’s enforcement division, has refuted claims that he joined crypto platform Pump.fun as its Head of Trading or any position at all.
Hirsch clarified after rumors of him joining the Solana-based memecoin platform rose following his resignation from the SEC’s office.
Alex Lowry, a web3 investigative journalist, on-chain analyst, and researcher, said to Hirsch on LinkedIn, “Are you aware there is a story running that you were hired by Pump.Fun? I did not see you officially address this, assuming it is a joke or mistake.” The man in question replied, “This claim by Pumpdotfun is false.”
David Hirsch, the former SEC official, announced his exit from the SEC on July 17 after serving in the organization for almost nine years. Without disclosing the reason behind his resignation or his next career move, Hirsch mentioned that he would give details of his next move later on.
A Closer Look at The Rumor Mill
On the same day, Hirsch announced his resignation from the U.S. SEC, Pump.fun published a tweet stating that the SEC veteran had taken the post of the platform’s Head of Trading after months of deliberation.
The post also added that Hirsch is a “meme lord at heart” who has launched over 100 coins and is enthusiastic about his new role.
Due to the post, Binance News officially covered David Hirsch’s fake appointment and congratulated him on his new appointment.
We are excited to announce our new Head of Trading, David Hirsch!
After months of conversations with @a1lon9, David came to the realization that his work as a regulator was no longer fulfilling. He had to start a new chapter.
And what’s better than doing the very thing you… pic.twitter.com/qJrHjNdHpD
— pump.fun (@pumpdotfun) June 17, 2024
However, the platform took down the post following clarifications by Hirsch that the job appointment claim was false.
Disputed Claims: Pump.fun and David Hirsch Under Scrutiny
Pump.fun and David Hirsch present conflicting job appointment accounts, fueling public skepticism and confusion. However, the crypto exchange risks facing legal action from the former SEC official if it makes a false announcement.
Recently, the Solana-based crypto exchange faced some credibility issues after it suffered a flash loan hack. A disgruntled ex-employee confessed to attacking the platform and carting off all the token supplies of newly listed projects in minutes.
