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The former employee of memecoin creation and trading platform pump.fun — who is alleged to have carried out a recent $1.9-million exploit — claims he was arrested and is now out on bail in the United Kingdom.
On May 16, X user “STACCoverflow,” who&nbsp;<a href="https://x.com/STACCoverflow/status/1711188907394580788" target="_blank" rel="noopener nofollow">posted</a> and <a href="https://x.com/STACCoverflow/status/1791463294991007782" target="_blank" rel="noopener nofollow">confirmed</a> their name is Jarett Dunn, claimed <a href="https://cointelegraph.com/news/solana-memecoin-tool-pumpfun-claims-ex-employee-exploiter">responsibility for the attack</a>, which Pump.fun alleges used a “privileged position” to access a “withdraw authority” and compromise the protocol’s systems.
In a series of May 18 <a href="https://x.com/jarettdunn/status/1791968019322638835" target="_blank" rel="noopener nofollow">posts</a> on a different X account, Dunn claimed he “spent overnight in custody” and was <a href="https://x.com/jarettdunn/status/1792223882851577949" target="_blank" rel="noopener nofollow">charged</a> with “theft from employer” for $2 million and conspiracy to steal an additional $80 million, <a href="https://x.com/jarettdunn/status/1792223968805441756" target="_blank" rel="noopener nofollow">adding</a> he was “released on bail and mental health sectioned.”
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Dunn added he is now being kept in a hospital and is posting from an iPad issued to him. He <a href="https://x.com/jarettdunn/status/1792188940507836788" target="_blank" rel="noopener nofollow">added</a> his mental health “was taken into question and I am likely unfit for [police] interview,” and that could happen <a href="https://cointelegraph.com/news/binance-bail-nigeria-money-laundering-trial">after his bail</a> if he is fit for questioning.
Dunn, a Canadian national, <a href="https://x.com/jarettdunn/status/1792221995641295330" target="_blank" rel="noopener nofollow">said</a> the local embassy emailed his family “a list of lawyers” but added he is “not able to communicate with them” until he recovers his devices of which “2/5 are seized,” he <a href="https://x.com/jarettdunn/status/1792224494460813399" target="_blank" rel="noopener nofollow">claimed</a>.
He said he still had his passport and <a href="https://cointelegraph.com/news/uk-police-seize-criminal-crypto-without-arrests">authorities did not</a> caution him that he was not allowed to leave the country.
Related: <a href="https://cointelegraph.com/news/pink-drainer-hacker-retirement-85m-theft">Notorious Pink Drainer retires after hitting $85M theft milestone</a>
In a message to another X user, The Rollup, Dunn reportedly <a href="https://x.com/therollupco/status/1791983993241387011" target="_blank" rel="noopener nofollow">said</a> he must return to a police station on Aug. 15. The account also claims a private intelligence company was hired to find Dunn in London.
In another X post, Dunn <a href="https://x.com/jarettdunn/status/1792220700490584290" target="_blank" rel="noopener nofollow">rallied</a> for U.K. citizens to file charges against a locally based company he claimed was a Pump.fun entity and <a href="https://x.com/jarettdunn/status/1792187630299627969" target="_blank" rel="noopener nofollow">said</a> his bail conditions disallow him from communicating with the firm and its CEO.
Pump.fun did not respond to a request for comment. The private intelligence firm reported to be involved in locating Dunn did not immediately respond to a request for comment.
London’s Metropolitan Police Service told Cointelegraph it does not name people who may or may not have been arrested.
Magazine: <a href="https://cointelegraph.com/magazine/defis-billion-dollar-secret-the-insiders-responsible-for-hacks/">DeFi’s billion-dollar secret: The insiders responsible for hacks</a>
Update (May 20, 6:40 am UTC): This article has been updated to clarify Dunn’s alleged charges and add a response from the Metropolitan Police Service.

Pump.fun exploiter claims he was arrested in UK and now on bail

Cointelegraph

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