Solana

<ul><li>Pump.fun claims a former employee used the site to steal $1.9 million using a bonding curve attack.</li><li>The platform temporarily halted trading but restarted, promising users complete liquidity recovery.</li><li>According to pump.fun, affected customers will receive &#34;100% of the liquidity&#34; they previously possessed within the following 24 hours.</li></ul>Pump.fun, a <a href="https://cryptotale.org/solana-breaks-out-of-descending-channel-potential-bullish-trend-ahead/" rel="noopener noreferrer nofollow">Solana</a> memecoin startup tool, revealed that a former employee used the protocol for roughly $2 million in a &#34;bonding curve&#34; assault. The platform added that he committed a <a href="https://cryptotale.org/telcoin-faces-major-security-breach-with-millions-of-tel-tokens-stolen/" rel="noopener noreferrer nofollow">security breach</a> by gaining unauthorized access to the withdrawal authority and carrying out flash loan assaults.Pump.fun <a href="https://twitter.com/pumpdotfun/status/1791235050643636303?t&#61;CpgPfezE1Z5NHtaUxmCdVA&amp;s&#61;19" rel="noopener noreferrer nofollow">claimed</a> that the smart contracts &#34;are safe,&#34; and that anyone affected by the event would recover &#34;100% of the liquidity&#34; that they previously had within the next 24 hours.<a href="https://x.com/FrankResearcher?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1791164323047293325%7Ctwgr%5E3f982d0e4e7289a45cbea00e150ecce6c3020843%7Ctwcon%5Es1_&amp;ref_url&#61;https%3A%2F%2Fwww.ibtimes.com%2Fsolana-memecoin-deployer-pumpfun-says-ex-employee-caused-19m-exploit-3732183" rel="noopener noreferrer nofollow">Wintermute&#39;s research chief, Igor Igamberdiev stated</a> that an internal private key leak might have caused the vulnerability. The SOL loss was around 2,000 tokens valued at more than $300,000. Pump.fun has been working with law enforcement but has not revealed the former employee&#39;s identity.<a href="https://cryptotale.org/pump-fun-alleges-insider-role-in-1-9m-bonding-curve-attack/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Pump.fun Alleges Insider Role in $1.9M Bonding Curve Attack

CryptoTale

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