In a report published on November 12, 2026, at 15:51 (UTC+8), Foresight News said ai16z co-founder Shaw had clarified the status of code he previously posted in the GitHub repository lalalune/pumpfun-source.
According to the report, Shaw said the code was not his, was not open source, and that he had never had the right to publish it or authorize others to use it. He said licenses in the repository, including one marked “Copyright (c) 2026 Shaw,” were invalid and granted no rights. He warned users not to treat those licenses or his earlier statements as permission to use, copy, fork, modify, build on or distribute the code. He also said the pump.fun code was copyright-protected and should not be distributed or reverse-engineered.
Foresight News noted that Bracket Company Inc., identified as Pump.fun’s parent-company entity, had sent Shaw a cease-and-desist letter through law firm Brown Rudnick on October 29. At the time of the report, the original repository had either been deleted or made private; the report did not establish which.