🔥Hot off the press! Solana's meme coin factory, Pump.Fun, hit a snag as an exploiter compromised its tech, causing a trading halt. The attacker used a combo of trading tactics to corner the meme coin market, but oddly, didn't seem to profit much.🤔

The exploit targeted smart contracts issuing meme coins on Pump.Fun, tricking the platform into accepting phantom SOL tokens via a "flash loan." This made tokens appear valuable despite no real buy-side interest. Losses? A cool $300k in SOL tokens.😱

But here's the twist: Instead of running off with the loot, the exploiter repaid the flash loans and airdropped funds to others. Investigation is ongoing.

What's your take on this? Is it a Robin Hood act or just another day in the wild west of crypto? Share your thoughts below!👇 #CryptoNews #Solana #PumpFun