ai16z founder Shaw said on X that the ongoing reverse-engineering effort for Pump.fun’s smart contracts is not meant to produce a lookalike contract with similar functions. The stated goal, he said, is to recreate a version that matches the original at the byte level, including the bugs and flaws present in the source code. Shaw called on developers to join the effort with the help of AI tools and to keep submitting contributions through GitHub.
He argued that closed-source smart contracts make security auditing harder. Shaw said losses tied to severe vulnerabilities in closed-source contracts topped $40 million over the past year. In his view, open-sourcing contracts would make it easier for developers and AI systems to identify and report potential flaws. He also said tokens previously repurchased with revenue from Meme coin fees may be used as bounty rewards for contributors to the reverse-engineering project. In an earlier X post, Shaw said 90% of the Pump.fun contract reverse-engineering work had been completed and that the full job was expected to be finished tonight, adding: "Open source everything, or it will be forcefully open sourced."
ai16z founder Shaw gave more detail on X about the reverse-engineering plan for Pump.fun smart contracts, saying the objective is not to build a contract with similar functionality, but to recreate a version that is fully identical to the original at the byte level.
According to Shaw, that means preserving not only the contract’s behavior, but also the bugs and flaws in the original code.
Developers invited to join with AI tools
Shaw called on developers to take part in the reverse-engineering effort with AI tools and to continue submitting code contributions through GitHub.
He said closed-source smart contracts are unfavorable for security audits. Shaw added that losses caused by severe security vulnerabilities in closed-source contracts exceeded $40 million over the past year.
He said making contracts open source would help developers and AI identify and report potential vulnerabilities.
Repurchased tokens may be used for bounties
Shaw also said he plans to use tokens that were previously repurchased with revenue from Meme coin fees as bounty rewards for contributors involved in the reverse-engineering work.
In an earlier post on X, Shaw said 90% of the reverse engineering of all Pump.fun contracts had been completed and that the work was expected to be fully finished tonight. He wrote, "Open source everything, or it will be forcefully open sourced."
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