Former Pump.fun developer sentenced to six years in prison for $2 million fraud.
Canadian citizen Jarett Dunn has been sentenced to six years in prison by a London judge for a $2 million Solana fraud case. He had previously pleaded guilty to abuse of power fraud and transfer of criminal property. The court stated that the former Pump.fun employee had been under electronic tagging for 308 days, 154 of which would count towards his sentence. He was also remanded in custody for approximately five months, which typically counts automatically. This sentencing comes more than a year after Dunn stole approximately $2 million worth of Solana (SOL) from Pump.fun, the now-popular Meme coin platform where he worked. Instead of keeping the money for himself, Dunn distributed the funds to thousands of random addresses. He then immediately confessed to the crime on social media. As a result, the Canadian gained a large following, with fans calling him the "Crypto Robin Hood." Dunn's path to sentencing was not smooth, with multiple postponements and recesses. This included Dunn's attempt to characterize the attack as a whistleblower action, claiming that Pump.fun was a malicious website and that he was trying to warn people about it. However, with the verdict delivered, the judge appeared to disagree with this argument. Pump.fun was a platform that allowed anyone to create cryptocurrency tokens in seconds after filling out a short form. Before the incident, Dunn had been a senior developer at Pump.fun for six weeks, during which time the platform, while popular, was still in its early stages. According to Dune data, Pump.fun's cumulative revenue at the time was $43.9 million, a figure that has since skyrocketed to $927.2 million. Dunn's friend, Mark Kelly, who attended the trial, called the verdict "frustrating." Kelly told Decrypt that prosecutors dismissed the whistleblower's claims as "post-arrest rhetoric." He added that while he thought Dunn's lawyers were "terrible," Dunn ultimately allowed the prosecution to "get away with it easily" due to his confessions on social media. "Everyone calm down, this is a robbery... I'm about to change history. Then go rot in jail," Dunn wrote on the X platform minutes after the attack. “Am I sane? No. Am I okay? Very bad.” He then joined an X Spaces group, stating he wanted to “kill” Pump.fun “because it’s something to do.” He further claimed, “It unintentionally hurt people for a long time.” Kelly added that the judge “fully considered” this in his sentencing. Four days after the attack, Dunn was arrested at a London hotel not far from the WeWork office operated by Pump.fun, where he was during the attack. Dunn was immediately deemed unfit for police questioning and spent two weeks in hospital to improve his mental health, after having stopped taking medication for several months. Dunn then pleaded guilty in August 2024, but attempted to withdraw his guilty plea at a sentencing hearing two months later. This abrupt change led to the resignation of his legal team. The Canadian citizen then spent months under police surveillance searching for a new legal team. He was imprisoned in July 2025 for breaching his bail conditions, and subsequently pleaded guilty again in August. Since then, he has been awaiting sentencing at HMP Pentonville jail, communicating with his followers through his X account operated by a so-called "intern." On Thursday, Dunn was sentenced to two six-year prison terms, to be served concurrently, for fraud and transferring criminal property. He has not yet issued a statement through his "intern," but Dunn had previously stated his desire to be immediately deported back to Canada. However, this has not been the case, and Dunn remains in custody in London. (decrypt)
