London Police Arrest Alleged Pump.fun Exploiter Jarett Dunn
In a dramatic turn of events, British police have reportedly arrested Jarett Dunn, known online as @STACCoverflow, for allegedly exploiting the Solana meme coin protocol pump.fun. The arrest comes after an intense 24-hour intelligence operation that tracked Dunn’s movements through social media and other open sources.
The pump.fun protocol, which was exploited on May 16, had previously employed Dunn. Following the attack, Dunn openly criticized the company on social media, expressing his intention to disrupt the platform and stating that he was not worried about going to jail.
A private intelligence firm, hired by a third-party stakeholder, tracked Dunn’s movements using his social media posts and other open-source intelligence. The timing of his last post on the @STACCoverflow account matched the arrest, with a recent Instagram post showing him at a London strip club helping to identify his whereabouts.
After an extensive search in London’s Covent Garden neighborhood, local authorities found Dunn at the Middle Eight Hotel and arrested him. The arrest has sparked significant reactions in the crypto community, with Dunn confirming on his @JarrettDunn X account that he spent the night in custody.
Dunn explained that the pump.fun team was alleging that he stole $2 million of their ill-gotten gains, with conspiracy to steal another $80 million. He urged investors to withdraw their money from pump.fun immediately and called for UK citizens to file charges against the company he identified as pump.fun’s corporate entity.
Dunn plans to remain in the UK until his court appearance in August and has been released on bail. At the time of writing, Dunn appears to be in a hospital, as indicated by his message exchange with a crypto community member and his X account bio. London authorities have yet to publish an official statement regarding the arrest.
The arrest of Jarett Dunn has sent shockwaves through the crypto community, highlighting the importance of security measures in the industry. Stay tuned for further updates on this developing story.
