PANews reported on October 26 that according to Decrypt, two months after admitting to the "attack" on Pump.fun, Jarett Dunn (also known as Stacc) requested to withdraw his guilty plea. The charges were abuse of power and transfer of criminal property. With this move, his legal team withdrew from the case.
Jarett Dunn, who was an employee of Pump.fun at the time of the “attack,” said he wanted to “terminate” the protocol because it had “inadvertently hurt people for a long time.” When Jarett Dunn stole about $2 million from the protocol, he sent the tokens to a number of random, unsolicited addresses. Although the “attack” still hurt some everyday traders, a group of onlookers hailed Dunn as the Robin Hood of cryptocurrency. Jarett Dunn attended a hearing at Wood Green Crown Court in London, where he was scheduled to be sentenced. If all had gone according to plan, he could have faced more than seven years in prison. But at the last minute, Jarett Dunn changed his mind and asked to withdraw his guilty plea. The move could result in Dunn facing longer prison time.
Jarett Dunn now has two weeks to find representation for a hearing where he will seek to change his plea. If the plea is accepted, the case will move to trial, where a number of witnesses (possibly including the Pump.fun founder) will be called to testify. Still, there is a chance the court could deny Jarett Dunn's plea.
