Former PumpFun developer sentenced to six years for $2 million Solana fraud
A British court sentenced a former PumpFun developer to six years in prison for fraud involving the misappropriation of approximately $2 million in SOL cryptocurrency. The verdict came more than a year after the crime was committed.
Source Decrypt
The accused exploited his employed position to gain unauthorized access and steal assets, highlighting the internal security risks faced by crypto firms. His sentencing serves as a warning to others in the digital finance sector.
This case raises important questions about security and regulation within cryptocurrency platforms and may lead to tighter oversight of developers and employees.
