The post Former Pump.fun Employee Sits in Prison as Solana Launchpad Breaks $770M in Revenue appeared on BitcoinEthereumNews.com.

In brief Jarett Dunn is being held in a London prison on remand after breaking his bail conditions. The former Pump.fun senior developer drained $2 million from the Solana meme coin factory last year. He admitted to the crime and pleaded guilty, but is now seeking to withdraw his plea. Since the attack, Pump.fun has exploded to be “one of the most used apps in crypto history,” raking in more than $770 million in revenue. Former Pump.fun senior developer Jarett Dunn is being held in a London prison after violating his bail conditions. The dev was jailed as he awaits a hearing regarding his attack on the Solana meme coin launchpad, which has since become a roaring success—recently passing $770 million in revenue during its 17-month lifespan. Dunn previously pleaded guilty to fraud by way of an abuse of position, as well as transfer of criminal property, after draining an estimated $2 million from Pump.fun—where he had worked for six weeks. During an October hearing scheduled to be his sentencing, Dunn requested to vacate his guilty plea, which resulted in his legal team quitting the case. Since then, the Canadian national has been awaiting a hearing to formally withdraw his guilty plea, which the court could decide to reject. He had been living in London throughout most of these eight months, but moved north to Liverpool on a whim in early June. Dunn told Decrypt at the time that he didn’t like London and that he preferred Liverpool due to its “emptiness.”  This move violated his bail conditions, which restricted his movement and monitored him through an ankle tag. As a result, Dunn was thrown into Walton Prison in Liverpool and held on remand, he announced on X. He was later moved to HMP Pentonville in London in July.…

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Filed under: News - @ July 18, 2025 6:25 am