According to UK prosecutors, Dunn diverted stolen Solana assets to multiple addresses before publicly admitting his crime, highlighting risks in fast-growing crypto platforms like Pump.fun.
Former Pump.fun developer Jarett Dunn, a Canadian national, was sentenced by a UK court to six years in prison for defrauding about $2 million in Solana assets. Prosecutors stated he diverted the stolen funds to multiple addresses and later admitted the offense on social media. The misappropriation occurred over a year ago, and Pump.fun has since expanded significantly, with cumulative revenue nearing $1 billion.