Stole $2 Million from pump.fun, Sentenced to 6 Years in Prison, He Chose to 'Self-Destruct'
In May 2024, pump.fun was exploited for approximately $2 million worth of SOL and meme coins. The attacker, Jarett Dunn (also known as Stacc), a former employee, was later sentenced to six years in prison. Two days prior to the sentencing, he leaked internal Telegram chats from his time at the company, claiming to be a whistleblower exposing misconduct.
However, the leaked messages did not reveal deliberate malicious activities such as market manipulation or fee misconduct by pump.fun. Instead, Dunn highlighted issues like the team's failure to implement KYC/AML measures for live streaming features, which he had warned about, and what he perceived as irresponsible attitudes toward known "Ruggers" (developers who abandon projects after fundraising). Some messages also illustrated the company's early-stage disorganization, including rushed contracts under investor pressure.
Dunn, a talented programmer diagnosed with paranoid schizophrenia at age 20, had joined pump.fun just six weeks before the attack. His mother had recently died, and he had been off medication for months. After the exploit, he was arrested near pump.fun’s London office and underwent mental health treatment. He later attempted to withdraw his guilty plea and expressed homelessness in social media posts.
The leak included private phone numbers of pump.fun co-founders, raising privacy concerns. The overall narrative portrays a troubled individual whose actions were influenced by personal trauma and mental health challenges, rather than clear evidence of systemic corruption at pump.fun.
marsbit03/06 07:41
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