Jarett Dunn Sentenced for Financial Crimes
In a courtroom in London, Jarett Dunn, a Canadian national and former senior developer at Pump.fun, received a six-year prison sentence after admitting to serious financial crimes. The Wood Green Crown Court revealed that Dunn had pleaded guilty to charges of fraud by abuse of position and the transfer of criminal proceeds.
Details of the Case
Over the course of his legal troubles, Dunn had already served 308 days under electronic monitoring, allowing 154 of those days to count towards his sentence. Additionally, he spent five months on remand, which usually contributes to the final sentence duration.
The charges against Dunn stem from a significant incident that occurred more than a year ago when he illegally diverted approximately $2 million worth of Solana (SOL) from Pump.fun, a meme coin platform that was gaining momentum in the crypto world. Instead of pocketing the funds for himself, Dunn transferred the assets to numerous random wallets. He boastedly confessed to his actions on social media shortly after, which attracted a niche following that dubbed him a “crypto Robin Hood”.
Legal Proceedings and Defense
Dunn’s attempts to argue his actions were those of a whistleblower, claiming Pump.fun operated with malicious intent, appeared unsuccessful in the eyes of the judge. Throughout his sentencing process, there were multiple rescheduled court dates that added to the complexity of his case. His attorney’s performance throughout these developments has drawn criticism, with Dunn’s friend, Mark Kelly, expressing disappointment over the overall situation and the prosecution dismissing his defense as mere “post-arrest spin”.
Pump.fun’s Financial Impact
Pump.fun is known for its user-friendly functionality, enabling users to generate cryptocurrency tokens rapidly. At the time of the fraudulent activity, it had generated substantial revenues—initially $43.9 million, which has ballooned to about $927.2 million since then, according to Dune Analytics.
Arrest and Mental Health Issues
Following the fraud incident, which Dunn described as a calculated move to disrupt what he believed to be an exploitative platform, he was arrested four days later at a London hotel close to his workplace. His mental health became a pivotal aspect of his case; Dunn was hospitalized for two weeks and temporarily deemed unfit for police questioning after going off his medication.
Final Plea and Sentencing
After pleading guilty in August 2024, Dunn sought to retract that plea two months later, a decision that led to his legal representation withdrawing from the case. He subsequently faced challenges in finding new lawyers and was jailed for violating his bail terms in July 2025. Ultimately, he reentered a guilty plea before the court.
On the day of sentencing, Dunn received two concurrent six-year terms for the accusations of fraud and criminal property transfer. While he has communicated through a surrogate via social media, expressing hopes for a quick return to Canada, he is currently remaining incarcerated in London, awaiting further developments in his situation.
