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Ex-Pump.fun Pleads Guilty in $2M Solana Theft — Watch SOL Sentiment

I note that a former Pump.fun employee has pleaded guilty and is awaiting sentencing for stealing $2 million using the Solana network.

I view this as a reputational hit to projects and services built on Solana and a reminder that custodial risks and bad actors can still move funds on-chain.

I will monitor regulatory reaction, counterparty scrutiny, and any short-term sentiment pressure on SOL while watching for concrete protocol-level or exchange responses.

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Analysis

The guilty plea confirms a material theft tied to the Solana ecosystem; while protocol integrity may be intact, centralized services and custodial arrangements are exposed. Expect temporary negative s...

Recommendation

I recommend watching SOL closely for market reaction and any exchange or regulatory announcements; avoid taking large directional positions until the sentencing outcome and any follow-up disclosures c...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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