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Pump.fun Attacker Admits Intention to “Kill” Solana Meme Coin Launcher, Reveals Motives

Pump.fun Attacker Says He Wanted to 'Kill' Solana Meme Coin Launcher

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Pump.fun, a popular tool for launching meme coins on Solana, recently experienced an exploit that compromised the protocol. The attack targeted bonding curve contracts, transferring liquidity from tokens created on Pump.fun to the Raydium DEX on Solana. It was estimated that the attacker made off with at least $2 million worth of SOL using this exploit.

The attacker then proceeded to airdrop the stolen funds to random wallet addresses, including holders of various Solana tokens and NFTs. Shortly after the attack, a Twitter account claiming responsibility surfaced, expressing no fear of imprisonment. The attacker shared posts online and retweeted grateful recipients of the airdropped funds.

In a twist, the former Pump.fun employee behind the attack revealed personal grievances and intentions to disrupt the company due to mismanagement. Pump.fun temporarily paused trading and assured users that the security of the protocol had been upgraded to prevent further siphoning of funds.

While the motive behind the attack remains unclear, the self-proclaimed attacker hinted at a downward trajectory for Pump.fun and expressed indifference to the consequences of his actions. The incident has drawn attention to the speculative nature of meme coin trading and the risks associated with such platforms in the crypto market.

Despite the uncertainty surrounding the attacker’s fate, Pump.fun has vowed to cooperate with law enforcement in their investigation. Stay tuned for more updates on this developing story. Subscribe to our newsletter for daily news, features, and exclusive content.



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