Pump.fun, a Solana-based platform that streamlines token launches, appears to have been exploited. 

The exploiter seems to be using flash loans to get enough SOL to buy out the bonding curve for Pump.fun memecoins. The situation is developing, and The Block reached out to the project's team for comment. 

As one user who goes by SOLCircle explained on the social media platform X, the exploiter employs a crypto loan service to borrow the SOL necessary to purchase Pump tokens. Even though the loan doesn't accept the tokens, the transaction still goes through, letting the exploiter keep the tokens without paying for anything. 

Someone has taken credit for the exploit, a social media user who goes by Stacc. In a Thursday social media post, Stacc mentioned that he has …