Pump.fun Attacker Now Trying to Dismiss His Guilty Plea Over $2M Hack
Key Points:
- Jarett Dunn has requested to withdraw his guilty plea regarding his involvement in a nearly $2 million attack on Pump.fun.
- The Pump.fun attacker has two weeks to find new legal representation before a hearing where he will seek to change his plea.
According to Decrypt, former hacker Jarret Dunn, better known as Stacc, has filed a motion to withdraw the plea in a case involving an attack on the Solana token release platform Pump.fun.
Read more: Platforms Like Pump.fun With Profit Potential You Need to Know
Pump.fun Attacker Wants to Withdraw Guilty Plea over Pump.fun Attack Case
The news came at a hearing at London’s Wood Green Crown Court where Dunn was supposed to be sentenced for the killing and faced more than seven years in prison; that is when his legal team said they were quitting.
Dunn now has two weeks to find new representation before he appears at a hearing to try and change his mind about pleading guilty. If the court grants his request, that matter goes to trial, with possible testimony from witnesses that may include founding members of Pump.fun. Alternatively, the court can deny the motion of the Pump.fun attacker to withdraw his plea.
In a post afterwards, the Pump.fun attacker claimed he was arrested by British police and subsequently charged with theft. While to some community members, he was crypto’s “Robin Hood,” for many everyday traders who lost out in that attack, it was not quite that.
Dunn’s attorney informed the court that the defendant was adamant to go back on his plea, a move which shocked the judge. The attorneys said the reason for their withdrawal was due to differences in strategy, as they could not “countenance” changing the plea.
Pump.fun Restarted After Big Security Breach
Indeed, in May this year, someone operating under the pseudonym “STACCoverflow” on Twitter accepted responsibility for an exploit, citing that he used a position of privilege to gain unauthorized access to the platform’s systems to siphon off just under $2 million via a “bonding curve” attack.
The incident led to the temporary shutdown of trading on Pump.fun, which has since reopened. The platform said that its smart contracts were secure and pledged to refund affected users within 24 hours.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Pump.fun Attacker Now Trying to Dismiss His Guilty Plea Over $2M Hack
Key Points:
- Jarett Dunn has requested to withdraw his guilty plea regarding his involvement in a nearly $2 million attack on Pump.fun.
- The Pump.fun attacker has two weeks to find new legal representation before a hearing where he will seek to change his plea.
According to Decrypt, former hacker Jarret Dunn, better known as Stacc, has filed a motion to withdraw the plea in a case involving an attack on the Solana token release platform Pump.fun.
Read more: Platforms Like Pump.fun With Profit Potential You Need to Know
Pump.fun Attacker Wants to Withdraw Guilty Plea over Pump.fun Attack Case
The news came at a hearing at London’s Wood Green Crown Court where Dunn was supposed to be sentenced for the killing and faced more than seven years in prison; that is when his legal team said they were quitting.
Dunn now has two weeks to find new representation before he appears at a hearing to try and change his mind about pleading guilty. If the court grants his request, that matter goes to trial, with possible testimony from witnesses that may include founding members of Pump.fun. Alternatively, the court can deny the motion of the Pump.fun attacker to withdraw his plea.
In a post afterwards, the Pump.fun attacker claimed he was arrested by British police and subsequently charged with theft. While to some community members, he was crypto’s “Robin Hood,” for many everyday traders who lost out in that attack, it was not quite that.
Dunn’s attorney informed the court that the defendant was adamant to go back on his plea, a move which shocked the judge. The attorneys said the reason for their withdrawal was due to differences in strategy, as they could not “countenance” changing the plea.
Pump.fun Restarted After Big Security Breach
Indeed, in May this year, someone operating under the pseudonym “STACCoverflow” on Twitter accepted responsibility for an exploit, citing that he used a position of privilege to gain unauthorized access to the platform’s systems to siphon off just under $2 million via a “bonding curve” attack.
The incident led to the temporary shutdown of trading on Pump.fun, which has since reopened. The platform said that its smart contracts were secure and pledged to refund affected users within 24 hours.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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