Solana Heist Suspect Claims Arrest Amid Controversy

Jarett Reginald Dunn, better known as Stacc on Twitter and allegedly involved in a significant exploit of Solana through the platform Pump.fun, claims he was arrested by London police last Friday night near Covent Garden. Despite his assertions, the Metropolitan Police have found no records matching the alleged incident, raising questions about the veracity of Dunn’s statements.

Dunn reportedly told Decrypt that the charges laid against him involved “theft from employer for $2 million with conspiracy of another $80 million.” However, this detailed account conflicts with the Metropolitan Police’s inability to confirm any such charges or arrest at the specified time and location. The MET’s policy of not disclosing details about individuals arrested but not charged further complicates the narrative.

The context of Dunn’s arrest is intertwined with his former employment at Pump.fun, a service enabling the quick launch of Solana tokens. Dunn expressed his disdain for the platform, openly admitting his involvement in an exploit that led to the temporary shutdown of the service by wallet provider Phantom. His actions sparked significant disruptions across the Solana ecosystem.

After claiming responsibility for the theft, Dunn alleges that he was detained at the Islington station for 20 hours and has been released on bail with specific conditions pending further investigation. These include appearing for an interview with the Criminal Investigation Department and avoiding contact with anyone associated with Pump.fun.

Complicating matters, Dunn has been hospitalized for mental health reasons, reportedly diagnosed with schizo-affective bipolar and panic disorder, and has been sectioned under the UK’s Mental Health Act. This act allows for the involuntary hospitalization of individuals deemed to be in immediate need of care and control, distinctly different from being arrested.

Dunn’s case is shrouded in ambiguity, not only regarding his criminal charges but also his mental health situation and the legitimacy of his claims against Pump.fun. He continues to communicate via social media and other means, asserting that the stolen funds were owned by customers, not the Pump.fun team, which he believes absolves him of wrongdoing.

The controversy surrounding Jarett Reginald Dunn and the alleged Solana heist underscores the complex interplay between cryptocurrency operations, legal accountability, and individual rights. As the situation unfolds, the crypto community remains vigilant about the implications of such high-profile cases on the security and reliability of decentralized platforms.