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Crypto Hacksin Cryptocurrency
6 hours ago

Crypto thefts and hacks dominate headlines, with a Pump.fun ex-developer jailed for a $2M theft and bail breach, while Indian exchanges face major breaches—$44M stolen from one and CoinDCX's internal wallet compromised, highlighting rising security risks.

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Pump.fun Ex‑Developer Behind $2M Crypto Theft Jailed For Bail Breach
NegativeCryptocurrency
A former developer at crypto platform Pump.fun, Jarett Dunn, has been sent to a London prison for violating his bail terms. Dunn—a well-known figure in the crypto space—is on trial for allegedly stealing $2 million from the Solana-based meme coin project. This isn’t his first run-in with the law, either.
Editor’s Note: Crypto scams and thefts keep making headlines, but this one hits differently because it involves an insider—a former employee of a buzzy project. It’s a reminder that even in decentralized finance, trust (and the lack of it) still plays a huge role. Plus, Dunn’s bail breach suggests he might not be taking the charges seriously, which could mean tougher consequences. For investors, it’s another cautionary tale about the risks lurking in the wild west of crypto.
Indian Exchange Suffers $44M Hack—Solana Hot Wallet Compromised in Sophisticated Attack
NegativeCryptocurrency
A major Indian cryptocurrency exchange was hit by a high-tech hack, losing a staggering $44 million. The attackers targeted a Solana-based "hot wallet" (a digital wallet connected to the internet), exploiting vulnerabilities in what appears to be a carefully planned breach. While the exchange hasn’t been named yet, the scale of the theft highlights ongoing security risks in the crypto world—even for platforms that should have robust protections.
Editor’s Note: Crypto hacks aren’t new, but this one’s a gut punch—$44 million vanishing into thin air raises serious questions about how exchanges safeguard user funds. Hot wallets are convenient but risky, and this breach could push more traders to demand stricter security measures or even regulatory crackdowns. For everyday investors, it’s another reminder: if you’re holding crypto long-term, cold storage (offline wallets) might be the safer bet.
India’s largest crypto exchange CoinDCX hacked, breach limited to internal wallet
NegativeCryptocurrency
India's biggest cryptocurrency exchange, CoinDCX, got hacked—but the damage was contained to an internal company wallet, not customer funds. While the breach didn’t spiral into a full-blown disaster, it’s yet another reminder that crypto platforms are prime targets for cyberattacks, and security can’t be an afterthought.
Indian crypto exchange CoinDCX hacked, $44 million drained
NegativeCryptocurrency
Indian cryptocurrency exchange CoinDCX was hit by a major hack, with thieves making off with a staggering $44 million. The company's CEO, Sumit Gupta, called it a "sophisticated server breach," suggesting the attackers weren’t just some script kiddies but likely a well-organized group. The timing—announced on a Saturday—hints at the scramble behind the scenes to contain the damage.

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