Ex-Pump.fun Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Prison
2025-07-18 20:02:46
Main Idea
A former Pump.fun developer, Jarett Dunn, was jailed in London for breaching bail conditions after stealing $2 million from the platform in May 2024, highlighting the growing issue of insider attacks in the crypto industry.
Key Points
1. Jarett Dunn, a former senior developer at Pump.fun, exploited his access to private keys to steal $2 million in SOL tokens intended for Raydium, diverting them to a random address.
2. Dunn airdropped the stolen funds and NFTs to random recipients, publicly claimed responsibility on Twitter, and expressed disdain for Pump.fun during a Twitter Spaces session.
3. Dunn was charged in October 2024, breached bail conditions in June 2025, and is currently held in HMP Pentonville awaiting a hearing to withdraw his guilty plea.
4. The incident underscores a broader trend of insider attacks in crypto, with other platforms like Pond.fun also experiencing hacks and data breaches.
5. Pump.fun has faced criticism for allegedly facilitating pump-and-dump schemes and questionable promotional activities despite its revenue success.
Description
Former Pump.fun senior developer Jarett Dunn sits in a London prison after breaching his bail conditions while awaiting trial for stealing approximately $2 million from the launchpad in May 2024, according to reports. The Canadian national, who had initially pleaded guilty to fraud charges, is now attempting to withdraw his plea and faces at least seven years in prison. His detention comes as his former employer has transformed into one of crypto’s most successful platforms, recently completing ...
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