Briefly
- Jarett Dunn has been sentenced to 2 six-year jail sentences to be served concurrently, after he pleaded responsible to fraud and switch of prison property.
- Dunn drained $2 million value of Solana from then-employer Pump.enjoyable, and despatched the funds to a number of random pockets addresses.
- Pump.enjoyable has since grown into one of the profitable crypto initiatives, producing almost $1 billion in income up to now.
Canadian nationwide Jarett Dunn was sentenced to 6 years in jail by a London choose on Thursday, Wooden Inexperienced Crown Court docket informed Decrypt. He had beforehand pleaded responsible to fraud by abuse of place and switch of prison property.
The previous Pump.enjoyable worker had already spent 308 days on tag, the Court docket stated, 154 of which is able to rely in direction of his sentence. He had additionally spent roughly 5 months in jail on remand, which usually robotically counts in direction of a person’s sentence.
The sentencing comes greater than a yr after he siphoned an estimated $2 million value of Solana (SOL) from his then-employer Pump.enjoyable—a now-hugely fashionable meme coin platform.
Dunn, apparently, didn’t take the cash for himself however fairly distributed the funds to 1000’s of random addresses. He then instantly admitted to the crime on social media. As such, the Canadian gained a cult-like following, with followers branding him a “crypto Robin Hood.”
Dunn’s path to sentencing has been a rocky one, with a number of dates set, delayed, and adjourned. This included Dunn trying to border the assault as a whistleblower transfer, claiming that Pump.enjoyable was a malicious web site and that he was making an attempt to warn individuals about it. Nonetheless, along with his sentence, it seems the choose wasn’t too sympathetic to this argument.
Pump.enjoyable is a platform that enables anybody to create a crypto token in seconds, after filling out a brief kind. Dunn had been working as a senior developer for Pump.enjoyable for six weeks earlier than the incident, throughout which the platform was fashionable however nonetheless in its infancy. On the time, Pump.enjoyable had a lifetime income of $43.9 million, in keeping with Dune knowledge—a tally that has since surged to a dizzying $927.2 million.
Mark Kelly, a pal of Dunn’s, was in attendance and known as the decision “miserable.” Kelly informed Decrypt that prosecutors dismissed the whistleblower framing as “post-arrest spin.” He added that whereas he thought Dunn’s lawyer was “appalling,” Dunn in the end gave the prosecution an “straightforward trip” along with his confessions on social media.
“All people be cool, this can be a theft… I am about to alter the course of historical past. [And] then rot in jail,” Dunn wrote on X, inside minutes of the assault. “Am I sane? Nah. Am I nicely? [Very] a lot not.”
And now; Magick: everyone be cool, this can be a r o b b e r y. What it do, staccattack? I am about to alter the course of historical past. n then rot in jail. am I sane? nah. am I nicely? v a lot not. do I would like for something? my mother raised from the useless n barring that: /x
— stacc’s futard arc. (@STACCoverflow) Could 16, 2024
He then joined an X Areas by which he stated he needed to “kill” Pump.enjoyable “as a result of “it is one thing to do.” He additional alleged that “it is inadvertently harm individuals for a very long time.” Kelly added that the choose gave this “full weight” through the sentencing.
4 days after the assault, Dunn was arrested at a lodge in London, not removed from the WeWork the place Pump.enjoyable was working from—and the place Dunn was located through the assault. Instantly, Dunn was decided unfit to face a police interview and was hospitalized for 2 weeks to enhance his psychological well being, after spending months off his treatment.
Dunn then pleaded responsible in August 2024, earlier than trying to withdraw that plea throughout his sentencing two months later. This sudden change of coronary heart led to his authorized group quitting the case.
The Canadian then spent months discovering a brand new authorized group whereas below police surveillance. He was then imprisoned for breaching his bail situations in July 2025, earlier than pleading responsible once more in August. Since then, he has awaited sentencing from behind bars in HMP Pentonville whereas speaking along with his followers through a so-called “intern” operating his X account.
On Thursday, Dunn was sentenced to 2 six-year jail sentences to be served concurrently for fraud and switch of prison property.
He has but to make a press release through his intern, however Dunn beforehand stated he hoped to be instantly deported to Canada. However that wasn’t the case, and Dunn stays in custody in London.
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