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

Jesse Coghlan6 hours agoPump.fun exploiter claims he was arrested in UK and now on bailThe ex-employee alleged of exploiting pump.fun for $1.9 million claims he was arrested in Britain and is now on bail.2261 Total views18 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe 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 on bail in the United Kingdom.

On May 16, the X user “STACCoverflow” — who had posted and confirmed their name is Jarett Dunn — claimed responsibility for the attack 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 posts on a different X account, Dunn claimed he “spent overnight in custody” and was charged with “theft from employer” for $2 million and conspiracy to steal an additional $80 million, adding he was “released on bail and mental health sectioned.”Source:Jarett Dunn

Dunn added he is now being kept in a hospital and is posting from an iPad it issued to him. He added his mental health “was taken into question and I am likely unfit for [police] interview” and that could happen after his bail if he is fit for questioning.

Dunn, a Canadian national, said 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 claimed.

He said he still had his passport and authorities did not caution him that he was not allowed to leave the country.

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In a message to another X user, The Rollup, Dunn reportedly said 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 rallied for U.K. citizens to file charges against a locally-based company he claimed was a pump.fun entity and said 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.

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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.# United Kingdom# DeFi# Solana# MemecoinAdd reaction