Pump.Fun's Bounty Feature Exposes Crypto's Governance Vacuum

Pump.Fun's new GO bounty feature demonstrates how crypto platforms exploit regulatory ambiguity to enable increasingly exploitative activities. With AI-generated fraud, opaque winner selection, and harmful content, the platform's failures highlight a systemic industry crisis. As user engagement plummets, this suggests the crypto industry's 'move fast and break things' culture has reached socially unacceptable levels.