See More

London Police Arrest Suspect in Pump.fun Exploit After 24-Hour Operation

2 mins
Updated by Lynn Wang
Join our Trading Community on Telegram

In Brief

  • British police arrested Jarett Dunn for exploiting the pump.fun protocol after a 24-hour search.
  • Authorities tracked Dunn using social media posts, which led to his arrest in a London hotel.
  • Dunn criticized pump.fun on social media after the exploit, claiming he was not worried about jail.
  • promo

British police reportedly have arrested Jarett Dunn, known online as @STACCoverflow, for allegedly exploiting the Solana meme coin protocol pump.fun.

The arrest follows an over 24-hour intelligence operation that tracked Dunn’s movements through social media and other open sources.

London Police Arrest Alleged Pump.fun Exploiter Jarett Dunn

The pump.fun protocol, exploited on May 16, had previously employed Dunn. After the attack, he openly criticized the company on social media. Dunn expressed his intention to disrupt the platform and stated he was not worried about going to jail.

A private intelligence firm, hired by a third-party stakeholder, tracked Dunn’s movements using his social media posts and other open-source intelligence. The timing of his last post on the X (Twitter) account @STACCoverflow matched the arrest. A recent Instagram post showed him at a London strip club, which helped identify his whereabouts.

After hours of search in London’s Covent Garden neighborhood, local authorities found Dunn at the Middle Eight Hotel and arrested him.

Read more: Crypto Project Security: A Guide to Early Threat Detection

Dunn’s arrest has sparked significant reactions in the crypto community. On his @JarrettDunn X account, he confirmed spending the night in custody.

“I spent overnight in custody as the Pump team alleges I stole $2 million of their ill-gotten gains with conspiracy to steal another $80 million,” he wrote.

Dunn explained that the pump.fun’s team appeared to be claiming total value locked (TVL) as their money in the charge. Therefore, he urged investors to withdraw their money from pump.fun immediately. He also called for UK citizens to file charges against a company he identified as pump.fun’s corporate entity.

Dunn plans to remain in the UK until his court appearance, which is scheduled for August. He was released on bail.

Read more: Top 5 Flaws in Crypto Security and How To Avoid Them

Jarrett Dunn's Message Regarding His Current Condition After the Arrest.
Jarrett Dunn’s Message Regarding His Current Condition After the Arrest. Source: X/therollupco

Dunn appears to be in a hospital, as indicated by his message exchange with a crypto community member and his X account bio. At the time of writing, London authorities have yet to publish an official statement regarding the arrest.

Top crypto projects in the US | June 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Lynn-Wang.png
Lynn Wang
Lynn Wang is a seasoned journalist and content creator with over eight years of experience in digital marketing and cryptocurrency journalism. Her expertise lies in SEO strategy, blockchain technology, and Web3, where she has consistently delivered impactful content initiatives and engaged audiences effectively. Since January 2022, Lynn has been at the forefront of content and community efforts for BeInCrypto Indonesia. Under her leadership, the platform has witnessed remarkable growth,...
READ FULL BIO
Sponsored
Sponsored