The ex-employee of the memecoin creation and trading platform, pump.fun, who is accused of carrying out a recent $1.9 million exploit, has revealed that he was arrested in the United Kingdom and is currently out on bail.
On May 16, a user named “STACCoverflow,” later identified as Jarett Dunn, publicly claimed responsibility for the attack. Pump.fun alleges that Dunn used his “privileged position” to gain access to a “withdraw authority” and compromise the platform’s systems.
In a series of posts made on May 18 using a different account, Dunn stated that he had spent the night in custody and was charged with “theft from employer” amounting to $2 million, as well as conspiracy to steal an additional $80 million. He added that he had been released on bail and was placed under mental health supervision.
Dunn mentioned that he is currently being held in a hospital and is using an iPad provided to him. He revealed that his mental health is being questioned, and he may be deemed unfit for a police interview. If he recovers, the interview may take place after his bail period.
As a Canadian citizen, Dunn stated that the local embassy has contacted his family and provided them with a list of lawyers. However, he expressed that he is currently unable to communicate with them as two of his five devices have been seized.
Dunn confirmed that he still possesses his passport and was not informed by the authorities that he is prohibited from leaving the country.
According to reports, Dunn has been instructed to report back to a police station on August 15. The account also mentioned that a private intelligence company has been hired to locate Dunn in London.
In another post, Dunn urged UK citizens to press charges against a local company he believes is associated with Pump.fun. He claimed that his bail conditions prevent him from contacting the company and its CEO.
Pump.fun has not yet responded to requests for comment. The private intelligence firm involved in locating Dunn has also not provided a comment at this time.
When contacted, the Metropolitan Police Service of London stated that it does not disclose the names of individuals who may or may not have been arrested.