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Solana Dev Confesses to Stealing, Gambling Away Cypher User Funds
Cypher protocol contributor “Hoak” confessed to stealing over $184,077 in community funds to feed a growing gambling habit in a public statement on Twitter on Tuesday. “I know likely nothing I say or do will make things better—perhaps other than rotting in jail,” the pseudonymous developer wrote. “To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.” tweet Hoak’s public confession appears to have been triggered by a simmering investigation that began on the Cypher Protocol Discord server. Cypher ... (full story)