PANews reported on May 17 that according to on-chain data, the pump.fun attacker @STACCoverflow released the token FSA (Flash Stacc Attack) on the Solana chain 2 hours ago. The current transaction volume of the token has reached nearly 1.5 million US dollars, with a market value of nearly 60 million US dollars. FSA is currently priced at 0.0058 USDT, an increase of more than 24,788% since its release.
As reported earlier today, pump.fun suffered a flash loan attack. The contract is currently safe and the team will add liquidity to the affected tokens.
According to the Space summary released by Twitter user @ciaobelindazhou, the new Robin Hood in the cryptocurrency circle @STACCoverflow mentioned in the Space discussion that the amount of attack on the pumpfun platform was about 2 million US dollars, not the 500,000 US dollars or 80 million US dollars rumored online.
The attacker, stacc, said he had alerted pumpfun's CTO of the possible problem a few weeks ago, but the team didn't pay attention.
Stacc used to work at PumpFun. He said he did not like the negative impact that PumpFun had on the industry. He was not dissatisfied with the team, but was dissatisfied with PumpFun's vision, execution and management.
The audience was concerned about Stacc's personal safety and legal issues and hoped that he would stay in touch and continue to work as a conscientious developer.
The attack was for $2 million, which has little impact on pumpfun, which has already earned $17 million in revenue, but more on its public image. This incident revealed problems with the platform, such as high fees, but gamblers may not lose users because of it. Stacc's behavior was more out of personal belief than financial gain, and his emotions may have been affected by recent family changes and scams.
The key is whether the attack was successful because of stacc's previous position or because other developers were able to find the same problem. If it is the former, the responsibility lies with the developer; if it is the latter, it is the team's fault, after all, someone has already reminded them.
