Ex-Pump.fun Developer Admits $2M Token Theft and Faces Sentencing

PANews reported on August 15 that former Pump.fun senior developer Jarett Dunn admitted to abusing power, fraud, and transferring criminal property after stealing approximately $2M worth of SOL, following a re-incarceration for bail violations.

SOL

209d ago

Summary

PANews reported on August 15 that former Pump.fun senior developer Jarett Dunn admitted to abusing power, fraud, and transferring criminal property after stealing approximately $2M worth of SOL. Re-incarcerated two months ago for violating bail conditions, Dunn is now in jail awaiting sentencing.

Terms & Concepts

SOL: The native cryptocurrency of the Solana blockchain, used for transactions and smart contract execution.
Criminal Asset Transfer: The illicit movement of assets, including digital tokens, as a result of fraudulent actions or abuse of power.