Pump.fun Exploit: Ex-Employee Steals $1.9M in SOL Tokens
full version at coinedition
- Pump.fun has resumed trading following a recent platform exploit.
- The memecoin project identified an ex-employee to be behind the recent exploit.
- The project’s team outlined new protocols for users, assuring them of funds’ safety.
Pump.fun, a platform for launching memecoins on the Solana blockchain, has resumed operations following a recent exploit that resulted in the theft of nearly $1.9 million. The Pump.fun team attributed the attack to a former employee who misused their privileged access to misappropriate funds.
In the process, the bad actor used their privileged position at the company to misappropriate nearly 12,300 SOL, equivalent to almost $1.9 million. The team confirmed that normal operations have resumed and user funds are safe. They have also implemented security upgrades to prevent similar attacks in the future.
Following th…
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