A former employee exploited Pump.fun, a Solana-based token launchpad, misappropriating around 12,300 SOL, valued at $1.9 million. The individual used flash loans to manipulate token liquidity, impacting $1.9 million of the total $45 million within the platform's bonding curve contracts. Pump.fun has halted, then resumed trading with upgraded safeguards, promising to replenish affected liquidity pools and temporarily eliminate trading fees to offset user losses.