Crypto Heist or Revenge Story? Ex-Employee Arrested in $1.9M Case

• Ex-employee arrested in $1.9M crypto exploit.
• Blames platform, claims innocence.
• Legal case ongoing, restrictions imposed.

Jarett Dunn, a former employee of the Solana-based memecoin launchpad pump.fun, has publicly disclosed his recent arrest by London Police in connection with an alleged $1.9 million exploit at the platform. Dunn, who uses the online aliases “staccoverflow” and “freestac,” detailed his arrest and subsequent release on bail in a series of social media posts.

My name is Jarett Dunn. Loosely translated I stop full stop.

— staccoverflow ; j'arrête ; (@STACCoverflow) May 17, 2024

Following the theft of $1.9 million in funds, pump.fun accused its former employee as responsible for the exploit, claiming that he misappropriated nearly 12,300 SOL using his privileged position.

Through his online posts, Dunn explained his arrest and its aftermath, stating that he was hospitalized following the incident. He further claimed, “Authorities detained me on suspicion of stealing $2 million of what pump.fun alleges are ill-gotten gains, with plans to steal an additional $80 million.”

I am once again without any of my 2fa for a lil while. I spent …

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