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.

24 hours7d30D1Yeverytime

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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Coinbase unveiled a developer-focused wallet that automatically activates 4.1% rewards on USDC balances.

Called Coinbase Developer Platform (CDP) Embedded Wallets, the product is part of and is aimed at giving builders the same secure, scalable infrastructure that powers millions of Coinbase accounts, according to an August 5 announcement.

CDP Embedded Wallets support Ethereum Virtual Machine (EVM)-compatible chains and Solana, pairing “web2-style” logins via email, SMS, and OAuth with self-custody. 

Keys are secured in trusted execution environments (TEEs), while developers can define policies and plug into a unified toolkit for onramps, swaps, transfers, balances, staking, and rewards. 

Coinbase says developers can create brandable wallets in under 200ms, then monetize idle balances via the native 4.1% USDC rewards.

Early use cases include remittances, payment links, DeFi marketplaces, B2B payroll, creator payouts, and gaming with on-chain assets and free USDC sends on Base.

As part of the beta, Coinbase Onramp customers can use Embedded Wallets at no cost through September 30.

US stablecoin clarity propels movement

Coinbase ties the launch to fresh US policy momentum on stablecoins. The GENIUS Act cleared the House on July 17. It was signed into law on July 18, establishing the first federal framework for dollar-backed stablecoins and signaling regulatory support for “faster, cheaper” payments. 

The House also passed the CLARITY Act the same day, sending it to the Senate. The CLARITY Act would create a regulatory regime for digital assets other than stablecoins and give the CFTC sole authority over transactions in digital commodities.

With that backdrop, Coinbase says developers are moving quickly to build on stablecoin-native rails, and the wallet’s auto-rewarding USDC feature is positioned to ride that shift.

Coinbase frames CDP Embedded Wallets as a way to cut integration overhead, replacing stitched-together APIs with a single stack while keeping users in a non-custodial flow.

For builders, the proposition offers a faster path to market, complete with familiar logins, end-to-end onboarding, and built-in yield on idle USDC.

Mentioned in this article

Hey Ethereum community! We last spoke August 5 – how you been? We’re here to talk about something fresh we’ve shipped.

Maybe you’ve already noticed, but we’ve got a new Developers section. For a long time, this content was a wall of links to products you might find helpful when building a dapp. We provided very little context and left a lot of connecting the dots up to you. We thought we could do better.

Technical information about Ethereum is often fragmented, which can be a barrier for new developers who are trying to get their bearings.

Getting to grips with Ethereum development can feel like running uphill against a tide of outdated Stack Exchange threads and Medium articles. Or like having to wade through murky depths as you scour crypto Twitter for something useful.

So we set out to create an updatable repository for developer content that helps you:

• Learn about Ethereum under the hood
• Experiment with code
• Understand the tech stack of dapps

And perhaps more importantly, we wanted it to be a place for community collaboration. Anyone can submit PRs to improve and maintain the content. We’ve already seen a fantastic willingness from the community to dive in and help us improve the docs which is awesome.

In other words, we wanted to create MDN for Ethereum. And use our pool of fantastic translators to help educate on a global scale.

We on the ethereum.org team don’t have all the answers but as a community we’re amazing at sharing wisdom. Now, you’ve got the place to do it.

How you can get involved

Like ethereum.org in general, the portal is open source and there are ways to help whether you’re technical or not.

• Share your wisdom: we need experts to contribute information, code examples and more.
• Submit tutorials: if you’ve written a tutorial to help Ethereum devs, add it to ethereum.org to extend its reach
• Review content and PRs: expert on a topic? Help us make sure our content is as accurate as possible.
• Provide feedback: any feedback on your experiences are really helpful for our team. Hit us up on Twitter or Discord.
• Send us your ideas: everyone can help us design the best learning experiences possible.
• Send to your friends: Got aspiring dev friends? Send ethereum.org/en/developers their way.

Contributors get credited wherever possible.

Right, time for a quick tour…

So what’s new?

Check out the site and let us know what you think over Twitter or on our Discord. But here’s a breakdown of what’s new right now:

Ethereum documentation that gives you the background you need to understand how Ethereum works and how to build on the web3 stack.

You can now access community tutorials and write tutorials for ethereum.org to reach an enormous audience – we’ll be translating them to increase their reach.

There are links to dapp development frameworks and other developer tools to help you get from an idea to a deployed dApp. And to support the fantastic community efforts out there.

This project is very much in the MVP phase. We wanted to get a base level of documentation out the door as a priority. In the near term we’ll be working on a series of improvements that:

• better categorise the projects we list and add more filtering options, to help make choosing the right tool easier.
• create more guided learning experiences, specifically for absolute beginners.
• enrich the docs with helpful diagrams and videos (Know of any that would be great on one of our pages? Open a PR!).
• get more contributors to help make the docs as helpful as possible.

A lot of these ideas came from usability tests we ran with some amazing members and potential members of the Ethereum community – huge thanks to them!.

In the long term, we want to include more features that show (as well as tell), inject more web3 into the portal itself, and develop incentives/rewards for contributors. If you have any ideas – we’d love your input.

Help needed right away

If you’ve got a way with words and you know your way around the Ethereum stack or the EVM, here’s a few open content issues you could help out with:

Thanks!

Although it’s still early days, we wouldn’t have got this far without some folks who have provided their insight and feedback along the way. A big thanks to these fine people who have helped us ship this portal in some way or another:

Andrei Tonkikh, Artur Gontijo, Togzhan Barakbayeva, Felipe Farragi, Adrian Li, Paul Berg, Christian Reitwiessner, Franziska Heintel, Ryan Ghods, Hudson Jameson, Austin Griffiths, Jordan Lesich, Charles St Louis, David Murdoch, Kevin Bluer, Brian Gu, Marc Garreau, Markus Waas, Rob Stupay, Yann Levreau, Scott Bigelow, Santiago Palladino, Sina Goodfiotit, Charles St. Louis, Griffin Hotchkiss, Mario Havel, Edson Allyon, Franco Zeoli, Pato Palladino, Albert Ni, and Eric Shepherd

Editor’s take: Multiplayer gaming is about fair fights, not shortcuts. But cheaters keep buying their wins, ruining it for everyone else. Epic Games is cracking down hard because cheating isn’t just unfair – it’s a threat to the whole game. Sorry, losers. Cheating doesn’t pay.

Epic Games recently announced a new lawsuit targeting developers of Fortnite cheating tools. The company is going after an individual who created software that lets players see through walls and use auto-aim. Epic shared the update on its ongoing battle via X, emphasizing that creating and distributing cheats violates the game’s terms of service and must be stopped.

Epic filed the lawsuit in its home state of North Carolina against Ediz Atas. Known online as “Sincey Cheats” and “Vanta Cheats,” Atas has developed, maintained, and sold Fortnite cheating software since January 2023. Epic said his products gave players an unfair advantage and breached Fortnite’s end-user license agreement. Epic is seeking damages from Atas and his partners, along with attorney’s fees and other legal costs.

An update on our fight against cheating in Fortnite

We filed a new lawsuit against an individual who developed and sold cheating software that helped players see through walls and auto aim. We’re also going after people who helped sell this software.

Creating and selling…

– Epic Games Newsroom (@EpicNewsroom) June 10, 2025

The company claims that the cheating software bypasses its anti-cheat system and undermines Fortnite’s long-term business. Honest players forced to compete against cheaters are more likely to stop playing and buying in-game content, causing damages and losses to the company.

Atas went to extreme lengths to profit from his cheating business. He even tried to block Epic’s efforts to remove videos promoting the software, posing as an Epic representative in emails to YouTube in an attempt to reverse DMCA takedown requests. According to the lawsuit, his actions forced Epic to issue tens of thousands of Fortnite bans since 2022 – over 15,000 of them in the US alone.

Atas didn’t act alone. According to the lawsuit, at least five partners helped manage the business, selling Sincey Cheats and Vanta Cheats software to Fortnite players through various websites and encrypted messaging platforms like Discord and Telegram.

Epic has recently intensified its legal fight against Fortnite cheaters, pursuing not just software developers but also esports players caught using cheats. The company has forced some players to publicly apologize and return prize money, sending a clear message: cheaters don’t get paid – at least not when Epic is involved.

Maelstrom has announced that Ron, known online as “MacGyver13,” is the fourth recipient of the Maelstrom Bitcoin Grant program, in accordance with a press release sent to Bitcoin Magazine. Ron is working on silent payments as proposed in Bitcoin Improvement Proposal 352.

“We are thrilled to support Ron financially on his mission to integrate silent payments into his Bitcoin wallet,” said CFO of Maelstrom Arthur Hayes. “Many merchants and users want to provide/display a single static address that is not altered. This is an important, valid and simple use case. With silent payments, this is still done, but reuse of on-chain addresses is avoided. Reuse of addresses is the Goldmine of the monitoring organization.

In September 2023, a silent payment was proposed by Josie Baker and Reuben Somsen. This creates a single static address for people to post tips without sharing with friends, using them for donations, or sacrificing privacy. This eliminates address reuse, an important method used by surveillance companies to track user behavior on blockchain.

“There are a lot of software projects, and perhaps with Bitcoin, taking an idea from a proposal to a fully adopted solution is the most difficult part,” Josie said. “We are excited by the progress we have made in the short time we’ve been working with Ron and are thrilled to help us adopt silent payments with the aim of protecting our users’ financial privacy while creating an intuitive and seamless user experience.”

Bitcoin privacy depends on using new addresses. This often requires a sender to the recipient interaction. Existing static address methods use notifications that increase costs and leak metadata. Silent payments avoid both interaction and notifications, but you need a wallet to scan the blockchain. The use of multi-party inputs has not yet been proven to be safe.

Silent Payment is aimed at implementing it.

• Zero Transaction Cost Overhead
• There is no possibility of a link between payment and a static address
• No sender required to receiver interaction
• Privacy tools and compatibility with the latest wallet features

“My main focus is coordinating development and testing efforts within a growing community dedicated to integrating silent payments into desktop and mobile Bitcoin wallets,” says the new grantee of Maelstrom Ron. “By proceeding with silent payments along with Bolt12 and BIP-353, we aim to enhance privacy, simplify the user experience and host ways to adopt Bitcoin more broadly as a payment solution.”