An alleged exploiter for the Solana memecoin Protocol Pump dot Fun, has been detained in London.
According to an insider familiar with the investigation, British police arrested Jarett Dunning, also known as @STACCoverflow online, during the early hours of the morning on Saturday.
Blockworks reported that the source said a third-party stakeholder hired a private spy firm to track down Dunn.
The source confirms the authenticity of a screenshot of Dunn’s Binance profile linked to his pseudonym that circulates on the internet.
Sources describe the 26-hour operation as “a slow burn,” Use Instagram and other “open source intelligence” To identify Dunn’s approximate whereabouts, in London.
“A massive manhunt” Local operatives are also known as “auxiliaries,” After the contract was signed, it then transpired.
Dunn, who had scoured the neighborhood for hours, was finally located at a hotel room in London’s Covent Garden district, the Middle Eight Hotel. He was then arrested seven hours later.
It is synchronized with @STACCverflow’s last post, which was made on Friday night London time. It is a reference to the profile name. “j’arrête” — meaning “I’m done” in French — but appears to carry a hidden double meaning to his real first name, Jarett.
Dunn has been released from jail on bail, according to @JarettDunn of X and the source at the intelligence company.
The man is expected to stay in the UK, pending his next court appearance scheduled for August.
Dunn allegedly exploited the admin keys of the protocol, and was able siphon $2 million worth of funds over the course 100 minutes in the last week. He then distributed the money randomly among Solana users.
The site’s official X page states that the team then redeployed these smart contracts to their new admin account to restore secure access. It has also pledged to pay out compensation to those who have been adversely affected and to pursue the perpetrator.
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