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The ex-employee used their “privileged position” to access a “withdraw authority” and compromise the protocol’s internal systems, pump.fun alleged in a May 16 X post.

The ex-employee used their “privileged position” to access a “withdraw authority” and compromise the protocol’s internal systems, pump.fun alleged in a May 16 X post. https://cointelegraph.com/news/solana-memecoin-tool-pumpfun-claims-ex-employee-exploiter

Insider threats can be incredibly damaging, especially when they involve someone with elevated access privileges. I hope the protocol's team can resolve this issue quickly and put safeguards in place to prevent similar incidents in the future. Thanks for keeping us informed about pump.fun's update 948 $DEGEN