May 17, 2024
Markets
Pump.fun Favorites Michi and Mini Recover After Exploit—But These Tokens Are Still Stuck
A purported former Pump.fun employee drained an estimated $2 million worth of Solana from the protocol yesterday. This resulted in wallet provider Phantom blocking the site, a number of tokens getting stuck in bonding curve contracts, and trading being paused. Less than 24 hours later, it appears Pump.fun’s largest tokens have quickly recovered while the tokens affected by the attack are still stuck in limbo. Pump.fun is a protocol that allows users to create a Solana meme coin in minutes for on...