Pump.fun hacker arrested and bailed for theft
Former employees of Pump.fun, a memecoin creation platform, He claimed to have been arrested in the UK and is currently out on bail.
The exploiter identified as Jarett Dunn. It is believed that $1.9 was stolen from the platform.
Pump.fun accused Dunn of: He abused his ‘privileged position’ to ‘withdraw authority’. Compromise the security measures of the platform.
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Dunn under the X handle @STACCoverflow It is credited with launching the Pump.fun exploit through a series of cryptic posts. May 16, citing his “horrible bosses” as the main reason.
In a May 18 thread from another He was charged with “theft from an employer” involving $2 million and conspiracy to commit theft of an additional $80 million.
Dunn said he was detained overnight but has been in jail since. He will be released on bond and placed on mental health supervision.
It is reported that Dawn is currently communicating at the hospital using an iPad issued by the hospital. He noted: His mental health is being assessed; It is likely that you will not be suitable for police interview. If he is deemed fit, a formal inquiry is expected to take place after his bail period.
Because he is a Canadian citizen, Dunn said his local embassy His family was contacted with a list of legal representatives. But he himself Limited communication with family Two of them were confiscated until he recovered the confiscated devices.
Despite the allegations, Dunn still People who hold a passport and are not restricted from leaving the UK; But he must report to police again on August 16.
This incident highlights significant security concerns about Pump.fun and its broader implications for the cryptocurrency industry.
In other news, the U.S. Department of Justice announced the arrest of two suspects accused of facilitating a $73 million cryptocurrency laundering scheme.
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