This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
PumpFun developer sentenced to 6 years in prison for SOL fraud
The man embezzled about $2 million from his employer and distributed the funds to thousands of random addresses, then admitted to it on social media.
He tried to portray his actions as a "disclosure," but the court did not agree with this version.
Ironically, after that, PumpFun became one of the most successful crypto projects with revenue of nearly $1 billion.
$PUMP