An Arrest Made in Pump.Fun Theft: Former Collaborator Apprehended in London
Jarett Dunn, known as @STACCoverflow and former collaborator of the memecoin protocol Pump.Fun on Solana, has been arrested in London.
British authorities apprehended him over the weekend in an intelligence operation led by a private security firm. This operation used Instagram posts and other open-source intelligence to locate Dunn in London’s Covent Garden district.
Pump.Fun Hack
Pump.fun was attacked on Thursday, allegedly by Jarett Dunn ‘j’arrête’, a former collaborator of the platform. Approximately 12,000 SOL, equivalent to over $2 million, was stolen.
Jarett quickly declared himself as the perpetrator of the attack and seemed to imply in his messages that he did not intend to keep the stolen funds, but rather to transfer the remaining balances to certain holders.
Localization Operation and Arrest
A large-scale manhunt was initiated after Dunn’s identification through local operatives, known as ‘auxiliaries’, engaged by the security firm. After scouring the area, Dunn was located in a room at the Middle Eight hotel, where he was arrested seven hours later.
This arrest coincides with @STACCoverflow’s last post on X, made Friday evening, London time. The profile name seems to allude to the French expression ‘j’arrête’ (I’m quitting), but also carries a double meaning related to his first name, Jarett.
Consequences and Future Actions
Released on bail, as confirmed by @JarettDunn’s account on X and the intelligence firm’s source, Dunn will have to remain in the UK awaiting a mandatory court appearance in August.
He is accused of exploiting administrative keys of the protocol to siphon off around $2 million worth of funds from newly launched memecoins and randomly distributing them to Solana users.
The Pump.Fun team has since redeployed the smart contracts with new administrative privileges to restore secure access and has committed to compensating affected users while pursuing the culprit.
