Former Pump.fun Developer Pleads Guilty to $2 Million Solana Heist

Jarett Dunn, a former developer at the Solana-based memecoin platform Pump.fun, has pleaded guilty to fraud by abuse of position and transfer of criminal property. He admitted to stealing nearly $2 million in SOL from the project shortly after joining the team. Dunn is currently being held in a London prison after breaching bail conditions... The post Former Pump.fun Developer Pleads Guilty to $2 Million Solana Heist appeared first on 99Bitcoins.

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Aug 16, 2025 - 09:00

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Jarett Dunn, a former developer at the Solana-based memecoin platform Pump.fun, has pleaded guilty to fraud by abuse of position and transfer of criminal property. He admitted to stealing nearly $2 million in SOL from the project shortly after joining the team. Dunn is currently being held in a London prison after breaching bail conditions.

Bail Violations Landed Him Back in Custody

Although Dunn initially pleaded guilty in 2023, he later tried to withdraw that plea in court. That effort didn’t work. His legal team stepped away, and the case stalled for months. Things got worse when Dunn moved to Liverpool while still under bail restrictions. Authorities tracked him down and arrested him again, transferring him to HMP Pentonville, where he remains as he awaits sentencing.