Jarett Dunn, former developer of the platform of the Memecoin platform, based in Solana,.amusingpleaded guilty of fraud by abuse of position and transfer of criminal goods. He admitted having stolen nearly $ 2 million on the project shortly after joining the team. Dunn is currently be detained In a London prison after breaking the conditions for release under bail.
The violations of the deposit rejected him in detention
Although Dunn initially pleaded guilty in 2023, he then tried to withdraw this plea in court. This effort doesn’t work. His legal team has moved away and the case has stalled for months. Things got worse when Dunn moved to Liverpool when he was still on deposit restrictions. The authorities found him and arrested him again, transferring him to the HMP Pentonville, where he remains pending conviction.
The former employee stole $ 2 million: pleads guilty in court!
In May 2024, Jarrett Dunn, a former developer of the same platform, based in Solana, made a flash loan attack – contract a loan, manipulating the bond curve and draining ~ 12,300 soil…
– 21borov (@ 21_borv) August 15, 2025
The former employee stole $ 2 million: pleads guilty in court! 
The conviction at the corner of the street, the penalties could be severe
Dunn is expected has be condemned within two weeks. The accusations he faces serious Enough to land it behind bars for seven years or more if it is classified as a high -level offense. The wider impact on the pump.amusing has been significant. The team estimates that it has lost up to $ 12.8 million in damages, not only of stolen funds, but also the exchange of stoppages, reputation damage and reduced platform activity.
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Mental health adds complexity to the case
Judicial documents show that Dunn has a long history of mental health challenges, including diagnoses of schizo-deffective bipolar disorder, panic disorder and ADHD. He also fought with drug addiction and had taken medication at the time of the flight. When the police arrested him for the first time, he would have been unfit to question. He then spent two weeks under hospital care, which can be taken into account During the conviction.
Launch risks exposed inside
Dunn had been at the pump.amusing for only six weeks before using its access to the developer to quietly extract the soil from the bonding curve contracts. After moving the funds, he dispersed them on several wallets, which made recovery almost impossible. His actions suggested that he may have considered some vigilance stuntman, but that doesn’t Protect him from criminal charges. The breach has highlighted the risks that cryptographic startups face when internal orders are loose or precipitated.
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Despite the scandal, pumps.amusing Doesn’t Idle
Surprisingly, the platform has only increased from the incident. Pump.fun has rebounded with a launch of $ 600 million token, deployed its own Token of pumping and crossed $ 770 million in income from all time. He now has a headache in Solara Growth of the same ecosystem. Although the scandal was able to derail the project, it seems to have accelerated its increase in certain respects.
Dunn Box is a reminder of the speed with which things can be in a spiral in crypto. A person with access and a disturbed past managed to shake up a dollar several million platforms. From now on, the court will decide whether mental health, remorse and cooperation will weigh enough to have an impact on its sentence, or if the industry uses it as a edifying history on what can go badly when confidence is poorly placed.
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Main to remember
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The former developer of Pump.fun, Jarett Dunn, pleaded guilty of having stolen nearly $ 2 million on the ground and is now waiting for the conviction in London.
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The violations of the release on the surety of Dunn and the unsuccessful attempt to withdraw his plea landed him in Hmp Pentonville, where he remains in detention.
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The accusations could lead to a sentence of more than seven years, with Pump. Estimate of the total damage caused by the incident to $ 12.8 million.
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Mental health problems and the consumption of past substances can influence the conviction, because Dunn would have been unfit for the police at the time.
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Despite the scandal, Pump.fun increased rapidly, crossing $ 770 million in income and launching his own pump token.
The former developer Pump. Fun guilty of $ 2 million Solana Heist appeared first on 99Bitcoins.
