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coinpedia 2024-05-15 05:19:15

Solana DEX Cypher Developer Admits to Stealing and Gambling Funds

The post Solana DEX Cypher Developer Admits to Stealing and Gambling Funds appeared first on Coinpedia Fintech News Cypher, a decentralized exchange on the Solana blockchain, faced a security breach in August 2023, resulting in a nearly $1 million loss. Developer Hoak confessed on May 14, 2024, to stealing approximately $315,000 from Cypher’s funds and gambling them away. In his public statement on X, Hoak admitted to similar misconduct several times. This revelation …

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