🚨 Chaos hits Solana's meme coin factory, Pump.Fun, as an exploiter compromises its tech, causing a trading halt! The attacker reportedly used a combination of trading tactics to overwhelm the platform, cornering the market for dozens of meme coins. Despite the chaos, on-chain evidence suggests the attacker wasn't making much profit.

The exploit targeted smart contracts responsible for issuing meme coins on Pump.Fun, tricking the platform into accepting phantom SOL tokens. This resulted in a loss of $300,000 in SOL tokens. Interestingly, the attacker used the funds to repay flash loans and airdrop funds to others.

What do you think of this audacious exploit? Share your thoughts below! 👇