Bracket Company Inc. sent a warning letter to Shaw Walters, founder of Eliza Labs, on October 29, accusing him of copying and reverse-engineering the Pump.fun contract code without permission. Walters had claimed to have reverse-engineered 97.6% of the Pump.fun source code and planned to publish it along with additional code, offering $PMUP tokens as bounties to contributors. Bracket Company argues that releasing the code publicly would violate U.S. copyright law. The situation highlights ongoing legal and intellectual property challenges in the digital asset space.
The dispute involving Bracket Company and Eliza Labs founder Shaw Walters over the Pump.fun code project provides context for cryptocurrency market activity. For readers following the crypto sector, here is Pluang's market snapshot as of Oct 30, 2026 10:11 WIB: out of 50 major cryptocurrencies, only 4 rose while 45 fell. Notable movers include SNX at Rp3.220 with a 9.68% drop and 100% sell order activity, THETA at Rp2.861 down 9.17%, and ENJ at Rp414 with a 94% buy order activity despite an 8.88% decline.
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