Pump.fun Exploited For $2M In SOL By Former Employee

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Pump.fun, a popular platform, faced a significant security breach today, resulting in the loss of 12,300 SOL tokens, valued at approximately $2 million. The exploit impacted around 1,882 wallets and has been attributed to a former employee known as @STACCoverflow on X. The attacker’s motivation appears linked to allegations of financial misconduct by Pump.fun’s founders. In a revealing post, @STACCoverflow claimed, “The founders withdrew 2m from treasury yesterday. Let them pay for it.” This accusation corresponds closely with the amount stolen, suggesting a retaliatory motive. Pump fun(@pumpdotfun) was exploited for 12.3K $SOL($2M) today! Involving as many as 1,882 wallets! 1/

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