Solana-based meme coin launchpad Pump.fun announced that a former employee used their “privileged position” to access “withdraw authority” and misappropriated around 12,300 SOL, worth approximately $1.9 million at the time.that a former employee misused their access to the withdrawal authority, which they had obtained through their previous position within the company.
Trading on the platform was halted a few hours later. Out of $45 million in total liquidity, approximately $1.9 million was affected. The Pump.fun team then redeployed the contracts and resumed trading with a 0% fee for the next seven days.
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