Pump Fun Hacker Jarett Dunn Seeks to Withdraw Guilty Plea

In a surprising turn of events, Jarett Dunn, also known as Stacc, has initiated proceedings to retract his guilty plea related to his attack on the Solana token launchpad Pump.fun.

This unexpected move came amid allegations of abuse of position and transferring criminal property. His change of heart comes as his lawyers have pulled out of his case.

Pump Fun Attacker Seeks to Withdraw Guilty Plea as Lawyers Quit Case

Two months after pleading guilty for attack on the Solana memecoin launcher Pump Fun, Jarett Dunn attempts to change course.

At the time of the attack, Dunn was a Pump Fun disgruntled employee who wanted to “kill” the protocol. He was stating it had “inadvertently hurt people for a long time.”

Pump Fun is a Solana-based meme coin factory. However, it’s also responsible for some of the year’s most prominent tokens, several scams, rug pulls, and wild money-fueled antics. Some of them even include the user who set himself on fire to boost his token.

In a high-profile attack, Jarett Dunn siphoned an estimated $2 million from the protocol. He then redistributed the tokens to several random, non-consenting addresses. This, some would say, was a pretty brazen move. Observers even dubbed him crypto’s Robin Hood. this then led many retail traders to find themselves on the receiving end of an action that was anything but stellar.

Jarett Dunn appeared in London’s Wood Green Crown Court on Friday, presumably to be sentenced for the Pump Fun attack.

Facing him was the possibility of more than seven years in prison. Instead, He asked to withdraw his plea of guilty- a move that could increase his sentence.

The bottom fell out for the court today, as his attorneys made astonishing revelations that Dunn now wants to withdraw the plea, taking counsel on the matter. Therefore, his lawyers will no longer represent him as he makes this new turn in his case.

Still, Pump Fun is having successful few weeks and has been noticed actively selling large amounts of SOL.

Dunn Now Has Two Weeks to Find New Representation

Jarett Dunn, the Canadian, aka Stacc, has now two-weeks to hire new representation as he tries to withdraw his plea of guilt in the case of Pump Fun. If the court grants his motion, his case will go to trial, where it could also have testimony from the founders of the platform, among other witnesses.

However, the court can also refuse Dunn’s motion, especially in the light of his repeated admissions of guilt, which include a notorious Twitter post shortly after the attack that says, “Everybody be cool, this is a robbery.”

And now; Magick: everybody be cool, this is a r o b b e r y. What it do, staccattack? I’m about to change the course of history. n then rot in jail. am I sane? nah. am I well? v much not. do I want for anything? my mom raised from the dead n barring that: /x

— not jarrett drunn, that’s for sure (@STACCoverflow) May 16, 2024

However, the task hardly seems daunting for Dunn, who has built a significant following online for his philosophical musings and candidness about mental health struggles and addiction. He tweeted recently that his looming trial was well worth the fight. On Thursday, he bid farewell to followers – pointing out his “last meal” as a free man before announcing his intention to withdraw his plea regarding Pump Fun case.

Dunn came in alone at Friday’s hearing, flanked only by his girlfriend and a friend from his recovery group. Asked if he had found new representation, his meek response turned some heads in the courtroom.

Two weeks on to navigate such a fraught situation, out on the same bail he has been on for months, the determined Dunn will try to argue for his release – even when all the chips are stacked against him.

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Teuta

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.

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