Jarett Dunn, former developer of Solana-based MemeCoin Platform Pump. funpleaded guilty to fraud by abuse of crime and transfer of criminal property. He admitted to stealing nearly $2 million in SOL from the project shortly after joining the team. Dan is now It’s being held in a London prison after violating bail terms.
He was detained for bail violations
Dan originally pleaded guilty in 2023, but he later tried to withdraw the plea in court. That effort I didn’t do it work. His legal team stepped in and the case stopped for several months. Things got worse when Dan was still under bail restrictions while he was moving to Liverpool. Authorities pursued him, arrested him again and moved him to HMP Pentonville.
https://t.co/m6luwkz35uEmployee Stolen Item $2 million: plead guilty in court! 😱
In May 2024, Jarrett Dunn, former developer of the Solana-based MemeCoin platform, carried out a flash loan attack. Remove the loan, manipulate the binding curve, ejection of ~12,300 Sol…
– 21borov (@21_borv) August 15th, 2025
If you turn the corner and pass a sentence, the penalty may be severe.
Dan I’m expecting In Get a verdict Within two weeks. The fees he faces are Serious If classified as a first-class attack, it is enough to land him behind the bar for over seven years. Wideer impact on pumps. fun It was important. The team estimates they lost as much as $12.8 million in damages, not just stolen funds, but also downtime transactions, reputational damage and reduced platform activity.
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Mental health adds complexity to your case
Court documents show that Dan has a long history of mental health challenges, including diagnosing schizoaffective bipolar disorder, panic disorder and ADHD. He also struggled with the use of substances and was taking medication at the time of theft. When police first arrested him, he was reportedly not worthy of the question. He later spent two weeks under hospital care, but that It will be considered Judgment underway.
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Inside Job Exposed LaunchPad Risk
Dan was at the pump. fun Only 6 weeks will he use his developer access Quietly extract the sol from the binding curve contract. After moving the funds, he had scattered them across multiple wallets, making recovery almost impossible. His actions suggested that he might have considered it some. It’s a vigilante stunt, but I didn’t do it Protect him from criminal charges. This violation highlighted the risks crypto startups face when internal controls are loose or in a hurry.
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Despite the scandal, the pump. fun it’s not It slowed down
Surprisingly, the platform has only grown since the incident. Pump.fun bounced and unfolded with the launch of a $600 million token My own It exceeded $770 million in pump tokens and record-high revenue. There are currently major spots Solana The growing Memocoin ecosystem. The scandal may have derailed the project, but it appears to have accelerated its growth in several ways.
Dan’s Cases are reminders of how quickly things can helix in cryptography. One of the past, with access and trouble, has been able to shake up the multi-million-dollar platform. Now the court will decide whether mental health, regret and cooperation will be heavy enough to affect his sentence, or whether it will use this as a cautionary substance about what goes wrong when the industry is misguided.
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Key takeout
Former Pump.Fun developer Jarett Dunn pleaded guilty to stealing nearly $2 million in SOL and is currently awaiting his sentence in London.
Due to a failed attempt to retract Dan’s bail violation and his plea, he lands at HMP Pentonville, where he is in custody.
The claim could result in a sentence of more than seven years, and Pump.Fun estimates the total loss from the incident at $12.8 million.
Mental health issues and past substance use could affect the verdict as it was reportedly inappropriate for police questions at the time.
Despite the scandal, Pump.Fun grew rapidly, surpassing $770 million in revenue and launching its own pump token.
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