Pump.fun, the memecoin launch platform on Solana, has shattered every record with over 770 million dollars in revenue in just 17 months.

But the resounding success was overshadowed by the arrest of Jarett Dunn, a former employee and author of an attack that caused a declared damage of about 2 million dollars.

What happened between Jarett Dunn and Pump.fun? Scandal in the Solana meme coin world 

The story of Jarett Dunn has kept the entire crypto community on the edge of their seats.

After working only six weeks at Pump.fun, his name made headlines on the day of the attack, which, by his own admission, caused damages amounting to 2 million dollars.


Dunn initially confessed his responsibilities, only to attempt to withdraw the guilty plea while awaiting sentencing.

The situation became further complicated when Dunn’s legal team decided to abandon the attempt to review the charges. Thus, the protagonist of the story is now in pre-trial detention in a London prison, awaiting the next hearing.

During the time on bail, Dunn allegedly moved from London to Liverpool, changing residence without the required authorization and violating the conditions of the release, which included constant monitoring through an electronic tag.


This move led to his arrest in Liverpool and the subsequent transfer to a London prison.

In the meantime, via social media, Dunn continued to update his followers, even sharing his “zen” despite the seriousness of the situation, fueling curiosity and debates.

The Dunn case exploded when Pump.fun was achieving unprecedented results in the crypto field.

Since its launch, the platform has generated over 770 million dollars in revenue in just 17 months, establishing itself as a standout in the DeFi and among the leading platforms on Solana.


The token PUMP has reached a market capitalization exceeding 2 billion dollars. But the real twist occurred during the ICO: in just 12 minutes, Pump.fun raised 600 million dollars, a sign of immense hype and strong speculative demand.


This episode raises crucial questions about internal security, risk management, and resilience of crypto platforms. Despite the scandal, the Pump.fun rally did not stop, showing impressive strength.

How did the crypto community react?

Social media and the main Telegram channels have commented on the incident with contrasting tones. On one hand, many users have sided in defense of the project, highlighting the speed with which Pump.fun was able to mitigate the damage.

On the other hand, doubts persist about the governance of crypto platforms and the prevention of insider attacks.


In particular, Dunn’s case has become a topic of discussion on Twitter and Reddit, with threads dedicated to the repercussions of his action and the security scenarios for the entire DeFi ecosystem on Solana.

The legal situation of Jarett Dunn remains uncertain. The former employee is awaiting the hearing for the final sentence after retracting his confession and seeing his legal team withdraw the request for reconsideration.

Preventive detention in London could extend beyond initial expectations. Meanwhile, Pump.fun continues its run in numbers: record ICO and exponential growth of the user base.

However, the attention of the community and regulators on the stability and transparency of the entire sector is also growing. Investors are divided between enthusiasm and warning, with a keen eye on the next legal and commercial developments.

Will the success of Pump.fun be overshadowed by the scandal?

The case of Pump.fun is unprecedented: between fundraising records, market rallies, and judicial turbulence, everything can change every week.

On one hand, the numbers demonstrate an overwhelming strength in the meme coin market on Solana, while on the other hand, the high-profile arrest casts shadows on the security and internal governance of new DeFi projects.
The future of Pump.fun and its token PUMP will be decided in the coming months amid verdicts, new features, and possible reactions from the community.

Follow the scene to discover if this will be remembered as the springboard for a new era of DeFi, or the beginning of a season of greater control and oversight on meme coins.