pump.fun dev behind the theft of $ 2 million in prison due to the breach of the guarantee star-news.press/wp
Evolution journalist
Good people
Evolution journalist
Good people
Involve
Jarett Dunn, a great developer at Pump.fun, is sitting in a prison in London after he violated the warranty conditions while waiting to steal nearly two million dollars from the Launchpad platform in May 2024, According to reports.
The Canadian citizen, who initially admitted to being guilty of fraud charges, is now trying to withdraw his call and faces prison for at least seven years.
His detention comes at a time when the former employer turned into one of the most successful Crypto platforms, as he recently ended a preliminary offer of $ 600 million and exceeded 770 million dollars in lifelong revenues.
Theft and beyond
The Dunn attack on PEMP.fun took place during a short six -week work period with the company in May 2024, when he took advantage of his access to the special keys to drain the money from the correlation curve contracts.
Distinctive SOL codes, which are worth about $ 2 million, are designed to convert to Raydium’s decentralized exchange, but instead it was converted into non -relevant wallet addresses.
Instead of keeping the money, Dunn immediately started transferring the distinctive symbols to the headlines of the random wallet, and choosing holders from various distinctive symbols of Solana and NFTS as unique recipients. Its actions pushed Pump.fun to temporarily close its platform while investigating breach and cooperating with the application of the law.
Within a few minutes of exploitation, Dunn claimed responsibility through his Twitter account, and wrongly posted his actions and motives.
“Everyone is great, that is stealing”, “ booksAdding it was “On the verge of changing the course of history” It is expected that “Define in prison.”
During the Twitter Spaces session immediately after the attack, Dunn expressed its contempt for the platform it targeted.
“I just wanted to kill the pump because it is something to do.” He declared, claims that the platform “People inadvertently hurt for a long time.”
The company described the name “Rightly managed” He has he has “Personal grievances” Against its leadership.
Dunn initially acknowledged that he was guilty of fraud charges in October 2024, but he asked to withdraw his call during what was scheduled to be the speech session. After that, his legal team left the case, leaving it to deal with complex legal procedures while living in London under the conditions of the sponsorship that included movement and electronic monitoring restrictions.
The violation of the sponsorship conditions occurred in early June 2025 when Den moved from London to Liverpool without permission, which violated the conditions of his release.
He was later arrested and detained in Walton Prison in Liverpool before he was transferred to HMP Pentonville in London, where he is still in pretrial detention, pending an official hearing to withdraw his approval of guilt.
His friend Mark Kelly, who was communicating with Den through calls behind bars, confirmed the details of the bail breach to the media.
“It is wonderful and looks at his position,” Kelly said.
The growing epidemic of encryption attacks from the inside
The Dunn issue contributes to the increasing direction of internal threats in the cryptocurrency industry, as employees who have distinguished access are exploited for personal reasons or ideological reasons.
Modern incidents include Coinbase rejects a $ 20 million request in May 2025 after support staff were nominated abroad to leak user data and pool.
South Korea also recently sentenced XRP to eight years in prison for defrauding investors at $ 3.4 million.
Since the Dunn attack, the platform has evolved from working outside the WeWork office in London to become what analysts describe as “One of the most used applications in the date of encryption.”
Despite the success of Pump.fun, he was also constantly criticized for facilitating pump plans, fragmentation and doubtful promotional tactics.
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2025-07-18 19:47:00
