A former employee of the memecoin platform Pump.fun, Jarett Dunn, disclosed that he was arrested and charged in the UK for allegedly orchestrating a $1.9 million attack on the company. Dunn, who revealed his identity on social media, claimed to have exploited his privileged position to gain unauthorized access to the platform’s withdrawal privileges.
What Led to Dunn’s Arrest?
In social media updates dated May 18, Dunn detailed his arrest, claiming he was accused of stealing $2 million and plotting to take another $80 million. After spending a night in custody, he was released on bail and is currently being monitored at a hospital where his mental health is under evaluation. Dunn’s ability to face a police interview is uncertain and might depend on his mental fitness.
What Are Dunn’s Current Conditions?
Dunn, a Canadian national, reported that his local embassy provided his family with a list of lawyers, but he hasn’t been able to contact them due to his devices being confiscated. Despite this, he retained his passport and noted that he was not explicitly instructed to remain in the country. He has been ordered to return to the police station on August 15, according to a conversation with another user.
Key Points from Dunn’s Case
– Dunn claims Pump.fun accused him of stealing $2 million and planning to steal $80 million more.
– He is currently out on bail and under hospital care, with his mental health being assessed.
– The local embassy has been involved, but Dunn faces communication barriers due to seized devices.
– Dunn must report back to the police on August 15.
– A private intelligence firm was reportedly hired to track Dunn in London.
The Pump.fun team has yet to comment publicly on the matter, and the private intelligence company allegedly involved in locating Dunn has remained silent. The case continues to develop, with key questions about Dunn’s actions and the extent of the alleged fraud still unanswered. Details about the involvement of local UK citizens in filing a criminal complaint against Pump.fun add another layer to this complex situation.