The SEC accuses the Adam brothers of defrauding investors by claiming their funds would be placed in a lending pool to fund “flash loans.”
Jarrett Dunn, an ex-employee of Pump.fun, was arrested in London for exploiting $1.9 million from the crypto marketplace by misusing admin rights and flash loans.
Pump.fun, a Solana-based platform designed to safely launch crypto tokens, fell victim to a $2 million exploit by a former employee. The ex-staff used privileged access to misappropriate funds but could only siphon a fraction of the $45 million in bonds. The platform has since upgraded its contracts to prevent further incidents and is implementing a plan to compensate users.
A former employee has stolen $2M from Pump.Fun (PUMP) using flash loans, showcasing the risks and vulnerabilities in cryptocurrency systems.
An ex-employee exploited Pump.Fun's contracts via flash loans to steal $2M, affecting its Solana-based token launch platform.
Pump.fun, a token launcher on the Solana blockchain, was exploited using flash loans, allowing the attacker to manipulate memecoin bonding curves with large amounts of SOL.
Ethereum's stablecoin volume hit a record high in April, largely driven by the use of DAI in flash loans.
Hedgey Finance experienced dual exploits on Ethereum and Arbitrum networks, resulting in a $44.7 million loss. Flash loans were employed to execute the theft, triggering investigations and an immediate response from the platform.
