Pump.Fun Recovers From Attack, Plans To Resume Trading In A Week

According to Foresight News, pump.fun has released an update on a recent attack, stating that the incident was due to a former employee exploiting their position within the company to steal approximately 12,300 SOL tokens, equivalent to about $1.9 million. The team has now redeployed the contract and plans to resume trading within the next seven days, with a trading fee of 0%. Users will be able to safely create and trade tokens. Between 23:21 and 1:00 Beijing time yesterday, 100% of the tokens reached will be deployed on Raydium. To compensate users, the team will inject liquidity equal to or greater than the token's liquidity at 23:21 into each affected token within the next 24 hours.