Episode
03 December 2024 Official episode · Official transcript
black hat cybercrime bitcoin
The episode examines Jarett Dunn’s exploitation of Pump.fun’s token-graduation process, which redirected Solana liquidity to random addresses, alongside his earlier disruption of the Solana network and concerns about Pump.fun’s platform practices.
Topics: Solana transaction processing and validator infrastructure, Recursive and self-calling transactions, Blockchain denial-of-service and network outages, Pump.fun token graduation and bonding curves, Raydium decentralized-exchange liquidity pools, Flash-loan exploitation, Insider access and fund redirection, Automated asynchronous transaction attacks, Cryptocurrency meme-coin pump-and-dump behavior, KYC and AML controls, Livestream moderation and abuse risks
Links published on the Darknet Diaries episode page. Not LLM output.
Qualified statements from this episode, not graph facts.
Pump.fun robbery ATTRIBUTED_TO Jarett Dunn
Jack attributes the Pump.fun robbery to Jarett, who also describes executing the program that redirected funds.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“Jarett, AKA Stacc, executed a wild and astonishing robbery. He stole millions of dollars in cryptocurrency”
Pump.fun robbery INVOLVES Pump.fun
The robbery targeted Pump.fun and its token-graduation process.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“the elaborate and wild robbery of Pump.fun”
Pump.fun robbery INVOLVES Solana
The robbery redirected Solana that was intended to fund liquidity on a decentralized exchange.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“he redirected where the Solana was supposed to go”
Pump.fun robbery INVOLVES Raydium
The attack exploited the process that graduated Pump.fun tokens to Raydium and funded their liquidity there.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“when enough people buy it, it then gets graduated to Raydium”
Pump.fun robbery INVOLVES Flash-loan exploitation
The robbery involved repeatedly taking flash loans, buying tokens, and selling them to repay the loans.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“he took out a flash loan and bought all the tokens needed to graduate the meme coin”
Flash-loan exploitation EXPLOITS Pump.fun token-graduation vulnerability
The flash-loan attack exploited the Pump.fun token-graduation vulnerability by redirecting the liquidity funds during graduation.
Derived Confidence 96% · Jack Rhysider EP 152 Details
“using his insider access, he redirected where the Solana was supposed to go”
Pump.fun token-graduation vulnerability AFFECTS Pump.fun
The vulnerability affected Pump.fun's process for graduating tokens to Raydium.
Derived Confidence 95% · Jack Rhysider EP 152 Details
“for it to graduate out of Pump.fun and into the DEX, Pump.fun sends a bunch of Solana”
Jarett Dunn USES Flash-loan exploitation
Jarett used flash loans as part of the robbery, repeatedly borrowing funds to buy and then sell Pump.fun tokens.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“His program was working flawlessly. He was taking out flash loans”
Jarett Dunn USES Liquidity redirection
Jarett used liquidity redirection to send Solana intended for Raydium to addresses he selected or controlled.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“redirecting the Solana that was supposed to go to the DEX to somewhere else he controlled”
Jarett Dunn USES Automated transaction attack
Jarett wrote and executed an automated program that attacked thousands of Pump.fun meme coins.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“he wrote a little program to try to do it to not just one or ten or twenty, but thousands, tens of thousands”
Pump.fun robbery INVOLVES Liquidity redirection
The incident involved redirecting liquidity funds away from Raydium to other Solana addresses.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“redirecting the Solana that was supposed to go to the DEX”
Pump.fun robbery INVOLVES Automated transaction attack
The incident involved an automated program that repeatedly attempted the attack against many tokens.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“once triggered, it would just automatically try to hit as many meme coins as possible on Pump.fun”
Pump.fun token-graduation vulnerability DISCOVERED_BY Jarett Dunn
Jarett says he reported the vulnerability a couple of weeks before exploiting it, but it was not patched or fixed.
Explicit Confidence 96% · Jarett Dunn EP 152 Details
“I did report it a couple weeks before that. There was just no action to patch it or fix it.”
Solana February 2023 outage INVOLVES Solana recursive transactions
The February 2023 Solana outage involved recursive transactions that repeatedly called other transactions or themselves.
Explicit Confidence 98% · Jarett Dunn EP 152 Details
“you could do recursive transactions”
Jarett Dunn USES Solana recursive transactions
Jarett says he queued recursive transactions, including transactions that called themselves immediately.
Explicit Confidence 99% · Jarett Dunn EP 152 Details
“I was queuing as many recursive transactions as I possibly could”
Solana February 2023 outage INVOLVES Clockwork
The outage occurred in the context of validators running Clockwork and after Clockwork came back up.
Explicit Confidence 97% · Jarett Dunn EP 152 Details
“the entire Solana network went down when clockwork came back up”
Solana February 2023 outage INVOLVES Geyser plugin
Jarett says validators could optionally run the Geyser plugin and its associated threads.
Explicit Confidence 95% · Jarett Dunn EP 152 Details
“they can optionally do this Geyser plug in and get additional money by running these threads”
Solana February 2023 outage ASSOCIATED_WITH Jarett Dunn
Jack says he cannot confirm that Jarett caused the outage, but guesses that Jarett contributed to the problems.
Uncertain Confidence 91% · Jack Rhysider EP 152 Details
“I can’t exactly confirm it was Jarett who took down Solana during that time. My guess is he contributed”
Pump.fun is described as a platform for creating and trading meme coins on the Solana network.
Explicit Confidence 99% · Jack Rhysider EP 152 Details
“make a meme coin on the Solana network”
Pump.fun ASSOCIATED_WITH 4Chan
Jack says Pump.fun's site layout looks a lot like 4chan and later describes it as having a strong resemblance to 4chan.
Explicit Confidence 98% · Jack Rhysider EP 152 Details
“The site looks a lot like 4chan”
Works mentioned in the transcript. Distinct from show-note sources.
Model gpt-5.6-luna · prompt 1.5.19 · schema 1.5.19 · 2026-09-13T08:31:25.460029+00:00