Ex-Pump.fun Dev Seeks to Withdraw Guilty Plea

Jarett Dunn—better known in the crypto community as Stacc—has made a last-minute request to withdraw his guilty plea in an ongoing case involving Solana token launchpad Pump.fun. Dunn, who was accused of siphoning off $2 million from Pump.fun, had initially pleaded guilty to abuse of position and transfer of criminal property. The unexpected turn of events came on Friday at London’s Wood Green Crown Court. Where his legal team announced their departure due to Dunn’s change of heart.

Dunn was an employee at Pump.fun, a Solana-based platform responsible for generating meme coins and some of the most audacious projects in crypto this year. Claiming that he attacked Pump.fun out of frustration with its impact on users. Dunn has since been portrayed by some as a crypto Robin Hood—despite the attack hurting several everyday traders.

Guilty Plea Withdrawal Raises New Challenges

Dunn’s legal representatives informed the court that he was determined to withdraw his plea. As a result, his current legal team chose to exit the case. Citing a lack of alignment with Dunn’s strategy. Dunn explained that his team disagreed with his choice to contest the plea. Hence their withdrawal. Dunn now has two weeks to secure new representation.

If the court accepts his request to change his plea, the case will go to trial. With likely testimony from Pump.fun founders and other witnesses. However, the court could deny his request, potentially leading to an immediate sentence—a risk Dunn is willing to take.

A Cult Following and the Road Ahead

Dunn, who gained a cult-like following through his philosophical posts and candid discussions on mental health and addiction. Hinted that the initial charges may contain inaccuracies. While some in the crypto community have rallied behind him. He now faces the prospect of defending himself without his original legal team.

Reflecting on the surreal nature of the case, Dunn quoted Fight Club: “You met me at a very weird time in my life,” he told, chuckling in the court canteen. Dunn has until his next hearing, under the same bail conditions he’s adhered to for months, to find new legal counsel and prepare his defense.