Ex-Pump Fun Staffer Admits Guilt, Faces Judgment for $2M Solana Theft

A former employee of Pump Fun platform has pleaded guilty to charges related to the theft of approximately $2 million USD worth of Solana cryptocurrency. Investigations revealed that the employee misused their prior position to gain unauthorized entry to the company’s systems, enabling the transfer of significant quantities of the cryptocurrency to personal accounts. The defendant admitted to the charges in court and now awaits sentencing. This case serves as a stark reminder of the ongoing security threats facing cryptocurrency enterprises, and the importance of implementing robust security measures to safeguard customer assets. Sentencing is anticipated within the coming months, and the defendant could face imprisonment and substantial financial penalties. Law enforcement agencies are monitoring this case closely, underscoring their commitment to combating cybercrime and protecting investors in the digital currency space.