Former Pump.enjoyable senior developer Jarett Dunn sits in a London jail after breaching his bail situations whereas awaiting trial for stealing roughly $2 million from the launchpad in Could 2024, in keeping with reviews.
The Canadian nationwide, who had initially pleaded responsible to fraud prices, is now trying to withdraw his plea and faces at the least seven years in jail.
His detention comes as his former employer has reworked into certainly one of crypto’s most profitable platforms, just lately finishing a $600 million preliminary coin providing and surpassing $770 million in lifetime income.
NEWS: Based on Decrypt, ex-@pumpdotfun senior dev @STACCoverflow (Jarett Dunn) is jailed in London for breaching bail situations and faces at the least 7 years in jail. Final 12 months, he stole ~$2M from PumpFun and despatched it to a random handle.. pic.twitter.com/5mQGwwUppN
— SolanaFloor (@SolanaFloor) July 18, 2025
The Theft and Its Aftermath
Dunn’s assault on Pump.enjoyable occurred throughout his temporary six-week employment with the corporate in Could 2024, when he exploited his entry to non-public keys to empty funds from bonding curve contracts.
The stolen SOL tokens, value roughly $2 million, have been supposed for switch to the Raydium decentralized alternate, however have been as a substitute diverted to unrelated pockets addresses.
Relatively than retaining the funds, Dunn instantly started airdropping the stolen tokens to random pockets addresses, choosing holders of assorted Solana tokens and NFTs as unwitting recipients. His actions prompted Pump.enjoyable to quickly shut down its platform whereas it investigated the breach and cooperated with legislation enforcement.
Inside minutes of the exploit, Dunn claimed accountability by means of his Twitter account, posting erratically about his actions and motivations.
“Everyone be cool, that is theft,” he wrote, including that he was “about to vary the course of historical past” and anticipated to “rot in jail.”
And now; Magick: all people be cool, this can be a r o b b e r y. What it do, staccattack? I'm about to vary the course of historical past. n then rot in jail. am I sane? nah. am I properly? v a lot not. do I would like for something? my mother raised from the useless n barring that: /x
— stacc's futard arc. (@STACCoverflow) Could 16, 2024
Throughout a Twitter Areas session instantly following the assault, Dunn expressed his disdain for the platform he had focused.
“I simply form of wished to kill Pump.enjoyable as a result of it’s one thing to do,” he acknowledged, claiming the platform had “inadvertently damage individuals for a very long time.”
He described the corporate as “horribly managed” and stated he had “private grievances” in opposition to its management.
Dunn initially pleaded responsible to fraud prices in October 2024, however requested to withdraw his plea throughout what was scheduled to be his sentencing listening to. His authorized staff subsequently give up the case, leaving him to deal with the complicated authorized proceedings whereas dwelling in London beneath bail situations that included motion restrictions and digital monitoring.
The breach of his bail situations occurred in early June 2025 when Dunn moved from London to Liverpool with out authorization, violating the phrases of his launch.
He was subsequently arrested and held at Walton Jail in Liverpool earlier than being transferred to HMP Pentonville in London, the place he stays on remand, awaiting a proper listening to to withdraw his responsible plea.
His buddy Mark Kelly, who has been speaking with Dunn by means of calls from behind bars, confirmed particulars of the bail breach to media retailers.
“He’s remarkably cool and zenlike contemplating his state of affairs,” Kelly stated.
The Rising Epidemic of Crypto Insider Assaults
Dunn’s case contributes to a rising pattern of insider threats throughout the cryptocurrency business, the place staff with privileged entry exploit their positions for private achieve or ideological causes.
Current incidents embody Coinbase rejecting a $20 million ransom demand in Could 2025 after abroad assist workers have been bribed to leak consumer information, and Pond.enjoyable struggling a hack in March 2025, allegedly perpetrated by its personal lead software program engineer who drained liquidity by means of blockchain privateness protocols.
@Coinbase has disclosed an information breach involving a small subset of buyer data.#Coinbase #DataBreach https://t.co/qfBEmf3Cc0
— Cryptonews.com (@cryptonews) Could 15, 2025
South Korea additionally just lately sentenced an unlawful XRP alternate operator to eight years in jail for defrauding buyers of $3.4 million.
Since Dunn’s assault, the platform has developed from working out of a WeWork workplace in London to develop into what analysts describe as “probably the most used apps in crypto historical past.”
Regardless of the success of Pump.enjoyable, it has additionally been frequently criticized for allegedly facilitating pump-and-dump schemes and questionable promotional techniques.
The publish Ex-Pump.enjoyable Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Jail appeared first on Cryptonews.