The ex-staff member of pump.fun, a platform for creating and trading memecoins, who is suspected of orchestrating a $1.9 million exploit, has claimed that he was arrested and is currently out on bail in the United Kingdom.
On May 16, a user called “STACCoverflow,” who identified themselves as Jarett Dunn, took responsibility for the attack. Pump.fun alleges 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 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 mentioned that he had been released on bail and was placed under a mental health section.
Dunn revealed that he is currently being held in a hospital and posting from an iPad issued to him. He acknowledged that his mental health is being questioned and that he may be unfit for a police interview, but if he recovers, the interview could take place after his bail.
As a Canadian citizen, Dunn stated that the local embassy had contacted his family with a list of lawyers, but he is currently unable to communicate with them as his devices have been seized. He 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 reports, Dunn informed another user, The Rollup, that he is required to return to a police station on August 15. The account also claimed that a private intelligence company had been hired to locate Dunn in London.
In another post, Dunn urged UK citizens to press charges against a company based in the country that he claimed was associated with Pump.fun. He mentioned that his bail conditions prohibit him from communicating with the firm and its CEO.
Pump.fun has not responded to a request for comment, and the private intelligence firm involved in locating Dunn has not provided a comment either.
When contacted by Cointelegraph, the London Metropolitan Police Service stated that it does not disclose the names of individuals who may or may not have been arrested.