A former employee of the memecoin creation and trading platform Pump.fun, which allegedly carried out a $1.9 million attack, claims he was arrested, charged, and is currently out on bail in the UK. On May 16, X user STACCoverflow, who revealed and confirmed his name as Jarett Dunn, took responsibility for the attack, which allegedly accessed withdrawal privileges using a privileged position and compromised the protocol’s systems.
What is Happening in the Pump.fun Case?
In a series of posts on a different X account dated May 18, Dunn revealed that he spent the night in custody after the Pump team accused him of stealing $2 million and conspiring to steal $80 million more, and that he was released on bail.
Dunn also added that he is currently being held in a hospital and is sharing updates from an iPad given to him. He mentioned that his mental health is being questioned and that he might not be fit for a police interview, which could occur after bail if deemed fit.
Dunn, a Canadian citizen, said the local embassy emailed his family a list of lawyers but claimed he could not contact them until he recovered his seized devices, which he said were 2/5 of his possessions.
Notable Details About Dunn
Continuing his updates, Dunn stated that he still has his passport and that authorities did not warn him against leaving the country. In a message to another X user, The Rollup, Dunn reportedly said he must return to the police station on August 15. The account also claimed that a private intelligence company was hired to locate Dunn in London.
In another X post, Dunn stated that UK citizens came together to file a criminal complaint against a local company he claimed was a Pump.fun entity, and that his bail conditions prevented him from communicating with the firm and its CEO.
Pump.fun team has not made any statements regarding the process, and the private intelligence firm reportedly involved in locating Dunn has not shared details with the public.
