Pump.Fun Hack Suspect Jarett Dunn Pleads Guilty
CryptoNewsTerminal Staff12 Aug, 2024
Pump.Fun Hack Suspect Jarett Dunn Pleads Guilty
According to Decrypt, Jarett Dunn, a former employee identified as a suspect in the May exploit that exposed the vulnerability of Solana (SOL)-based token issuance platform Pump.Fun (pump.fun), has pleaded guilty. Cointelegraph had previously reported that Pump.Fun lost $300,000 worth of SOL in the attack, which affected many creators and token projects. Dunn's guilty plea suggests that he played a role in the hack, although the exact details of his involvement remain unclear. The attack took advantage of a vulnerability in Pump.Fun's code, allowing the attacker to create and distribute malicious tokens. The outcome of Dunn's case is expected to shed light on the security risks associated with token issuance platforms and the importance of implementing robust security measures to prevent such attacks in the future.
