Incident Overview
pump.fun is a Solana-based memecoin generator. On May 16th, the project suffered a $1.9 million exploit by an attacker who then began airdropping the money to somewhat random wallets. pump.fun stated on Twitter that the attack was due to a former employee exploiting their privileges within the company to illegally obtain withdrawal permissions and using a lending protocol to carry out flash loan attacks.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.