The former worker of the memecoin creation and trading platform, pump.fun, who is accused of carrying out a recent $1.9 million exploit, has disclosed that he has been arrested and is currently out on bail in the United Kingdom.
On May 16, the user known as “STACCoverflow,” who previously posted and confirmed his name as Jarett Dunn, took responsibility for the attack. Pump.fun claims that the exploit was executed using a “privileged position” to gain access to a “withdraw authority” and compromise the protocol’s systems.
In a series of posts on May 18 from a different account, Dunn revealed that he was held in custody overnight and charged with “theft from employer” amounting to $2 million, as well as conspiracy to steal an additional $80 million. He stated that he was subsequently released on bail and placed under mental health care.
Dunn further explained that he is currently being held in a hospital and is using an iPad provided to him for posting. He mentioned that his mental health has been called into question, and it is uncertain if he will be fit for a police interview after his bail.
As a Canadian citizen, Dunn stated that the local embassy has emailed his family a list of lawyers. However, he is unable to communicate with them until he retrieves his devices, of which 2 out of 5 have been seized.
Dunn clarified that he still possesses his passport and has not been informed by the authorities that he is prohibited from leaving the country.
According to messages shared with another user named The Rollup, Dunn must report to a police station on August 15. The account also claims that a private intelligence firm has been hired to locate Dunn in London.
In another post, Dunn called on UK citizens to press charges against a company based in the country that he alleges is linked to pump.fun. He also mentioned that his bail conditions prevent him from communicating with the company and its CEO.
Pump.fun did not respond to a request for comment, and the private intelligence firm mentioned has not yet provided a comment.
The Metropolitan Police Service of London informed Cointelegraph that it does not disclose information about individuals who may or may not have been arrested.
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Update (May 20, 6:40 am UTC): This article has been updated to clarify Dunn’s alleged charges and include a response from the Metropolitan Police Service.