The post Pump Fun Hacker Jarett Dunn Seeks to Withdraw Guilty Plea appeared on BitcoinEthereumNews.com.

In a surprising turn of events, Jarett Dunn, also known as Stacc, has initiated proceedings to retract his guilty plea related to his attack on the Solana token launchpad Pump.fun. This unexpected move came amid allegations of abuse of position and transferring criminal property. His change of heart comes as his lawyers have pulled out of his case. Pump Fun Attacker Seeks to Withdraw Guilty Plea as Lawyers Quit Case Two months after pleading guilty for attack on the Solana memecoin launcher Pump Fun, Jarett Dunn attempts to change course. At the time of the attack, Dunn was a Pump Fun disgruntled employee who wanted to “kill” the protocol. He was stating it had “inadvertently hurt people for a long time.” Pump Fun is a Solana-based meme coin factory. However, it’s also responsible for some of the year’s most prominent tokens, several scams, rug pulls, and wild money-fueled antics. Some of them even include the user who set himself on fire to boost his token. In a high-profile attack, Jarett Dunn siphoned an estimated $2 million from the protocol. He then redistributed the tokens to several random, non-consenting addresses. This, some would say, was a pretty brazen move. Observers even dubbed him crypto’s Robin Hood. this then led many retail traders to find themselves on the receiving end of an action that was anything but stellar. Jarett Dunn appeared in London’s Wood Green Crown Court on Friday, presumably to be sentenced for the Pump Fun attack. Facing him was the possibility of more than seven years in prison. Instead, He asked to withdraw his plea of guilty- a move that could increase his sentence. The bottom fell out for the court today, as his attorneys made astonishing revelations that Dunn now wants to withdraw the plea, taking counsel on the…

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Filed under: News - @ October 26, 2024 2:17 am