{"id":523238,"date":"2024-05-20T10:06:00","date_gmt":"2024-05-20T10:06:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=523238"},"modified":"2024-05-20T10:06:00","modified_gmt":"2024-05-20T10:06:00","slug":"former-pump-fun-employee-accused-of-1-9-million-exploit-says-hes-been-arrested-charged-and-is-on-bail-in-the-uk","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/former-pump-fun-employee-accused-of-1-9-million-exploit-says-hes-been-arrested-charged-and-is-on-bail-in-the-uk","title":{"rendered":"Former Pump.Fun Employee Accused Of $1.9 Million Exploit Says He\u2019s Been Arrested, Charged, And Is On Bail In The UK"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The former pump.fun 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 <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/uks-fca-targets-meme-coins-and-misleading-crypto-promotions\"><span style=\"font-weight: 400;\">United Kingdom<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jarett Dunn claimed responsibility for the attack via a May 16 X <\/span><a href=\"https:\/\/x.com\/STACCoverflow\/status\/1711188907394580788\"><span style=\"font-weight: 400;\">post<\/span><\/a><span style=\"font-weight: 400;\"> published through his account, &ldquo;STACCoverflow.&rdquo; This is after pump.fun accused Dunn of using his &ldquo;privileged position&rdquo; at the company to access a &ldquo;withdraw authority&rdquo; to compromise the <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/ai-powered-meme-coin-surges-2-2-million-in-presale-poised-for-100x-returns\"><span style=\"font-weight: 400;\">meme coin <\/span><\/a><span style=\"font-weight: 400;\">creation and trading platform&rsquo;s systems.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/thewealthmastery.io\/wp-content\/uploads\/2024\/05\/Pump.Fun_-1024x536.jpg\" alt=\"Pump.Fun: Are You Ready To Pump? - Wealth Mastery By Lark Davis - Crypto Newsletter\"><\/p>\n<h2><span style=\"font-weight: 400;\">Jarett Dunn Allowed To Use A &ldquo;Super Restricted&rdquo; Device To Post Online<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">&ldquo;I spent overnight in custody,&rdquo; said Dunn in a May 19 X post. The former pump.fun employee shared that his mental health has been &ldquo;taken into question.&rdquo; He also shared&nbsp; that he is currently being kept in a hospital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dunn is still able to post on X, however, since the facility he is being kept in has given him a &ldquo;super restricted&rdquo; iPad that is signed in on his new X account, &ldquo;free stacc.&rdquo; Taking&nbsp; full advantage of this opportunity to post online, he <\/span><a href=\"https:\/\/x.com\/jarettdunn\/status\/1791968023693128175\"><span style=\"font-weight: 400;\">accused<\/span><\/a><span style=\"font-weight: 400;\"> his former employers of &ldquo;far more heinous&rdquo; crimes.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I am once again without any of my 2fa for a lil while. I spent overnight in custody as the pump team alleges I stole 2m of their Ill gotten gains with conspiracy to steal another 80m. <\/p>\n<p>\/x <a href=\"https:\/\/t.co\/D8CBjdB9nG\">https:\/\/t.co\/D8CBjdB9nG<\/a><\/p>\n<p>&mdash; free stacc (@jarettdunn) <a href=\"https:\/\/twitter.com\/jarettdunn\/status\/1791968019322638835?ref_src=twsrc%5Etfw\">May 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">In a thread on X, Dunn started a series of polls asking his followers if he should report the pump.fun team for their crimes. He simultaneously accused the team of several financial crimes and bad employment practices in different jurisdictions.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Pump.Fun Allegedly Claiming That The Platform&rsquo;s TVL Is Their Money<\/span><\/h2>\n<p>&ldquo;Funny enough they are claiming tvl is their money in this charge,&rdquo; Dunn <span style=\"font-weight: 400;\"><a href=\"https:\/\/x.com\/jarettdunn\/status\/1791985799262540175\">said<\/a> in an X post. &ldquo;<\/span>Withdraw all your capital from pump immediately if I were you.&rdquo;<\/p>\n<p><span style=\"font-weight: 400;\">He alleged that Pump.fun did not deduct taxes for their overseas employees, and failed to provide them with work visas or proper contracts.&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye\/\"><span style=\"font-weight: 400;\">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/jpmorgan-morgan-stanley-and-ubs-among-more-than-600-firms-invested-in-spot-bitcoin-etfs-filings-show\"><span style=\"font-weight: 400;\">JPMorgan, Morgan Stanley And UBS Among More Than 600 Firms Invested In Spot Bitcoin ETFs, Filings Show<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/claybro-reviews-top-5-cryptocurrencies-poised-to-surge-following-a-recent-us-senate-decision\"><span style=\"font-weight: 400;\">ClayBro Reviews Top 5 Cryptocurrencies Poised to Surge Following a Recent US Senate Decision<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - 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