Skip to content
Web3News

Former Employee Arrested in $2 Million Pump.fun Exploit

Jarrett Dunn is now in a hospital and is posting from an iPad provided to him there. His mental health was reportedly taken into question and he was likely unfit for an interview.

  • Jarrett Dunn, the former employee of Pump.fun, has been arrested in the U.K. and is currently out on bail.
  • Following accusations of stealing $2 million and plotting to steal $80 million, Dunn is reportedly undergoing a mental health evaluation.

Pump.fun has been making headlines for the past few days. The Solana-based token launch platform was reportedly breached on May 16. The attacker, believed to be a former employee, used flash loans to obtain enough SOL to buy the bonding curve for pump.fun memecoins, resulting in an estimated $2 million loss.

For further clarity, an X (formerly Twitter) user with the handle "STACCoverflow," whose real name is reportedly Jarrett Dunn, admitted to executing the exploit.

Now, what happened in the next episode of this whole exploitation incident is that the former employee has claimed that he was arrested, charged, and is now on bail in the U.K.

Dunn, using a different X account, asserted that he spent the night in custody as the pump team accused him of stealing [$2 million] and conspiring to steal another $80 million. He also added that he was released on bail and placed under a mental health section.

Additionally, Dunn is currently in a hospital and is posting from an iPad provided to him there. He also mentioned that his mental health was taken into question and he was likely unfit for an interview.


Edited by Harshajit Sarmah

Latest