Pump.fun Dev Jailed in London—$2M Theft Sparks Industry Debate
🚨 Former Pump.fun senior developer Jarett Dunn has been jailed in London after breaching bail conditions while awaiting trial for stealing $2 million from the meme coin launchpad in May 2024. Dunn exploited internal access to drain bonding curve contracts, then airdropped the stolen funds to random wallets across Solana.
📉 The theft forced Pump.fun to temporarily shut down, but the platform has since rebounded—completing a $600M ICO and surpassing $770M in lifetime revenue, making it one of the most-used apps in crypto history.
💬 “I just wanted to kill Pump.fun because it’s something to do,” Dunn said during a Twitter Spaces session, citing personal grievances and ideological motives.
He initially pleaded guilty, but later attempted to withdraw his plea. After relocating to Liverpool without authorization, he was arrested and transferred to HMP Pentonville, where he now awaits sentencing.
📊 Key facts:
- Theft amount: ~$2M in SOL
- Bail breach: unauthorized travel + monitoring violation
- Potential sentence: 7+ years
- Platform revenue: $770M+
- ICO completed: $600M raised
- Dunn’s mental health: diagnosed with bipolar and panic disorder
Why it matters:
✅ Highlights growing insider threats in crypto
✅ Raises questions about platform security and developer access
✅ Sparks debate on ethics, mental health, and accountability in Web3
🧠 Is this a cautionary tale—or the start of deeper scrutiny into crypto launchpads?
👇 Are you building on Solana or auditing your team’s access controls?
📌 Follow me for daily crypto security updates and launchpad insights.
PumpFun #CryptoSecurity #InsiderThreats #Solana #MemeCoins #CryptoEthics
