PumpFun Dev Faces 7 Years for $2M Solana Theft
Former PumpFun dev Jarett Dunn jailed in London after breaching bail in $2M Solana theft case.
- Jarett Dunn violated bail conditions and is now in custody.
- He allegedly stole $2 million from a Solana-based launchpad.
- He withdrew a plea deal during his October sentencing.
Jarett Dunn, a former senior developer at PumpFun, has been arrested and jailed in London for violating his bail conditions. Dunn was already facing serious charges in connection with an alleged $2 million theft involving a Solana-based launchpad project. His arrest comes after he unexpectedly withdrew a plea deal during a sentencing hearing in October 2024.
Authorities have now confirmed Dunn faces a potential minimum sentence of seven years. His sudden change in legal strategy has left the court and legal observers puzzled, particularly given the strength of the evidence reportedly stacked against him.
$2 Million Theft From Solana Launchpad
Dunn is accused of exploiting his privileged position within the PumpFun ecosystem to siphon off around $2 million in funds from a project built on the Solana blockchain. The theft allegedly took place through unauthorized access and manipulation of internal systems, with the stolen assets traced back to wallets linked to Dunn.
The case has rocked confidence in smaller Solana-based projects and launchpads, raising renewed concerns over developer access and internal controls in decentralized finance (DeFi) systems.
Plea Deal Withdrawal Adds Twist to the Case
Initially, Dunn appeared ready to accept a plea deal, which would have likely reduced his prison time in exchange for a guilty plea and cooperation. However, during his sentencing hearing in October 2024, he suddenly retracted his agreement, opting to go to trial instead. This decision not only prolonged his legal troubles but also resulted in stricter court oversight—ultimately leading to his recent incarceration for breaching bail conditions.
Observers say this unexpected legal move could signal a shift in Dunn’s defense strategy or a hope for a more favorable outcome at trial. Still, with strong digital evidence and a previously agreed plea on the record, legal experts believe a lengthy sentence remains likely.
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- PumpFun Dev Faces 7 Years for $2M Solana Theft
