tl;dr
British police have arrested Jarett Dunn, also known as @STACCoverflow, for allegedly exploiting the Solana meme coin protocol pump.fun. The arrest followed a 24-hour intelligence operation tracking Dunn's movements through social media and other open sources. Dunn had openly criticized the company ...
British police have arrested Jarett Dunn, also known as @STACCoverflow, for allegedly exploiting the Solana meme coin protocol pump.fun. The arrest followed a 24-hour intelligence operation tracking Dunn's movements through social media and other open sources. Dunn had openly criticized the company on social media and expressed intentions to disrupt the platform. His arrest has sparked significant reactions in the crypto community.
Dunn plans to remain in the UK until his court appearance in August and has been released on bail. At the time of writing, London authorities have not issued an official statement regarding the arrest.
The pump.fun protocol, exploited on May 16, had previously employed Dunn. After the attack, he openly criticized the company on social media. Dunn expressed his intention to disrupt the platform and stated 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 X account @STACCverflow matched the arrest. A recent Instagram post showed him at a London strip club, which helped identify his whereabouts.
Dunn’s arrest has sparked significant reactions in the crypto community. On his @JarrettDunn X account, he confirmed spending the night in custody. Dunn explained that the pump.fun’s team appeared to be claiming total value locked (TVL) as their money in the charge. Therefore, he urged investors to withdraw their money from pump.fun immediately. He also called for UK citizens to file charges against a company he identified as pump.fun’s corporate entity.
Dunn plans to remain in the UK until his court appearance, which is scheduled for August. He was released on bail. Dunn appears to be in a hospital, as indicated by his message exchange with a crypto community member and his X account bio. At the time of writing, London authorities have yet to publish an official statement regarding the arrest.