Search Inside Bitcoins

Former Pump.Fun Employee Accused Of $1.9 Million Exploit Says He’s Been Arrested, Charged, And Is On Bail In The UK

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The former employee who was accused of exploiting the platform to steal $1.9 million says he has been arrested, charged, and is currently on bail in the United Kingdom.

Jarett Dunn claimed responsibility for the attack via a May 16 X post published through his account, “STACCoverflow.” This is after accused Dunn of using his “privileged position” at the company to access a “withdraw authority” to compromise the meme coin creation and trading platform’s systems.

Pump.Fun: Are You Ready To Pump? - Wealth Mastery By Lark Davis - Crypto Newsletter

Jarett Dunn Allowed To Use A “Super Restricted” Device To Post Online

“I spent overnight in custody,” said Dunn in a May 19 X post. The former employee shared that his mental health has been “taken into question.” He also shared  that he is currently being kept in a hospital.

Dunn is still able to post on X, however, since the facility he is being kept in has given him a “super restricted” iPad that is signed in on his new X account, “free stacc.” Taking  full advantage of this opportunity to post online, he accused his former employers of “far more heinous” crimes. 

In a thread on X, Dunn started a series of polls asking his followers if he should report the team for their crimes. He simultaneously accused the team of several financial crimes and bad employment practices in different jurisdictions.

Pump.Fun Allegedly Claiming That The Platform’s TVL Is Their Money

“Funny enough they are claiming tvl is their money in this charge,” Dunn said in an X post. “Withdraw all your capital from pump immediately if I were you.”

He alleged that did not deduct taxes for their overseas employees, and failed to provide them with work visas or proper contracts. 

Related Articles:

PlayDoge (PLAY) - Newest ICO On BNB Chain


  • 2D Virtual Doge Pet
  • Play To Earn Meme Coin Fusion
  • Staking & In-Game Token Rewards
  • SolidProof Audited -

Join Our Telegram channel to stay up to date on breaking news coverage

Read next