Former Pump.fun employee arrested in London
Former Pump.fun employee Jarrett Dunn, also known as Free Stacc, has been detained in London on suspicion of stealing $1.9 million from the system. Dunn was later released on bail.
Legal battle between Dunn and Pump.fun
Dunn initiated legal action against Pump.fun, accusing the company of operating as an unregistered exchange in the UK and violating laws including tax evasion and distributing illegal materials involving minors.
Complexity of the situation
Pump.fun representatives claim Dunn used his administrative privileges to withdraw funds and suspect he had plans to steal over $80 million. This suspicion adds complexity to the case and highlights the need for a thorough investigation.
Going to court
The case will now go to court to determine the outcome of this complicated conflict. Both the public and cybersecurity experts are closely following this case, which raises questions about the legality of cryptocurrency platforms and the responsibility of their employees.
