TL;DR
- Ex-Pump.enjoyable developer Jarett Dunn sentenced to 6 years for stealing $2M in Solana.
- Dunn’s protection of “whistleblowing” was dismissed by the courtroom.
- Pump.enjoyable faces a significant fraud lawsuit within the U.S. alleging insider manipulation.
A London decide sentenced Jarett Dunn, a former Pump.enjoyable developer, to six years in jail after Dunn took about $2 million in Solana (SOL) linked to the platform. Dunn entered responsible pleas for fraud by abuse of place and switch of prison property.
Dunn spent 308 days on an digital tag, and the courtroom counted 154 of these days towards the jail time period. Dunn additionally spent about 5 months in custody on remand, and courts usually rely that interval towards a sentence.
Dunn carried out the theft and unfold funds throughout hundreds of random addresses. Quickly after, Dunn posted concerning the act on social media and admitted accountability. Dunn then tried to label the theft as a whistleblower act and described Pump.enjoyable as dangerous, whereas claiming a want to warn customers. Dunn held a senior developer function at Pump.enjoyable for six weeks earlier than the incident.
Information cited from Dune positioned Pump.enjoyable lifetime income close to $43.9 million across the time of the theft. A later determine cited in the identical supply materials locations lifetime income close to $927.2 million, reflecting fast development in charges and exercise over time.
Pump.enjoyable lawsuit stress grows as PUMP slides to a five-month low
After the theft, Dunn’s case additionally included mental-health and procedural turns. Authorities deemed Dunn unfit for a police interview and despatched Dunn to a hospital for two weeks after months with out remedy.
Dunn pleaded responsible in August 2024, then tried to withdraw the plea roughly two months later throughout sentencing steps. Dunn’s authorized crew then left the case, and Dunn spent months discovering new illustration whereas police saved Dunn below surveillance.
In July 2025, authorities jailed Dunn for breaching bail situations. In August, Dunn entered a responsible plea once more. Dunn then waited for sentencing whereas held at HMP Pentonville and continued to speak on-line. The decide imposed two six-year sentences to run concurrently for the 2 offenses. Dunn had additionally expressed a want for instant deportation to Canada, but custody remained in London.
Authorized stress additionally surrounds Pump.enjoyable in the US. Diego Aguilar, Kendall Carnahan, and lead plaintiff Michael Okafor filed a fraud lawsuit that names Pump.enjoyable co-founders Alon Cohen, Noah Tweedale, and Dylan Kerler, and in addition targets co-founders of Solana Labs.
Plaintiffs say defendants profited from token launches by giving insiders precedence entry and deceptive common patrons. Plaintiffs additionally level to Pump.enjoyable advertising claims that described launches as “truthful” and “rug-pull proof,” alongside a 1% platform payment. Plaintiffs allege insiders purchased massive positions at low costs earlier than retail demand arrived, then triggered sharp spikes and quick drops.
A federal decide within the U.S. District Courtroom for the Southern District of New York accredited a second amended criticism, which lets plaintiffs broaden claims. Market information in the identical materials additionally factors to emphasize in buying and selling flows, with CMF reaching an all-time low and marking the most important outflows in PUMP buying and selling historical past.
Worth motion matched the authorized overhang. PUMP fell virtually 30% over one week and dropped 8.9% over 24 hours. The token trades close to $0.001987, the bottom degree in 5 months, and patrons haven’t proven constant demand that adjustments the short-term route.
