Brief Overview:
• Pump.fun, an emoji coin platform on Solana, suffered an internal attack, resulting in losses of $2 million.
• The attacker interfered with the token listing process by manipulating the Bonding Curve.
• The platform has upgraded its contracts, suspended trading, and ensured that user funds were not harmed.
On May 16 at 15:21 UTC, pump.fun, a meme coin platform within the Solana ecosystem, was attacked, resulting in a loss of approximately 12,300 SOL, equivalent to nearly $2 million.
The attacker used Margin.fi’s flash loan method to obtain SOL without using his own funds and purchase pump.fun tokens. This move attracted widespread attention in the crypto community.