The ex-employee of the memecoin creation and trading platform pump.fun, who is accused of carrying out a recent exploit worth $1.9 million, has announced that he has been arrested and is currently out on bail in the United Kingdom.
On May 16, the user known as “STACCoverflow,” who has since confirmed their identity as Jarett Dunn, took responsibility for the attack. Pump.fun claims that Dunn used his “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 had spent the night in custody and had been charged with “theft from employer” amounting to $2 million, as well as conspiracy to steal an additional $80 million. He stated that he had been released on bail and had also been placed under mental health care.
Dunn mentioned that he is currently being kept in a hospital and is posting from an iPad provided to him. He expressed concerns about his mental health being called into question and stated that he might not be fit for a police interview until after his bail period ends.
As a Canadian citizen, Dunn stated that the local embassy had contacted his family with a list of lawyers, but he is unable to communicate with them until he retrieves his devices, of which two out of five have been seized.
He emphasized that he still possesses his passport and has not been informed by authorities that he is prohibited from leaving the country.
Dunn reportedly informed another user, The Rollup, that he is required to return to a police station on August 15. He also mentioned that a private intelligence company has been hired to locate him in London.
In another post, Dunn called on U.K. citizens to press charges against a company based in London that he claims is connected to pump.fun. He stated that his bail conditions forbid him from communicating with the company and its CEO.
Pump.fun has not responded to a request for comment, and the private intelligence firm reportedly involved in locating Dunn has also not provided a response.
The Metropolitan Police Service in London stated that it does not disclose the names of individuals who may or may not have been arrested.
(Note: This article has been updated to clarify Dunn’s alleged charges and include a statement from the Metropolitan Police Service.)