Solana Meme Coin Factory Pump.Fun Compromised by 'Bonding Curve' Exploit
Summary
The Solana blockchain's Pump.Fun, a meme coin platform, was exploited by an attacker who compromised its bonding curve contracts, leading to a pause in trading. The attacker used trading tactics to overwhelm the platform and corner the market for meme coins, despite not making much profit. The exploit caused losses of $300,000 in SOL tokens, which were used to repay flash loans and airdrop funds to others.
