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Solana-based Cypher Protocol insider admits to stealing $300,000

CointimeCointime2024/05/14 23:52
By:Cointime

An insider of Cypher Protocol, a cryptocurrency trading protocol based on Solana, admitted to stealing $300,000. An anonymous developer named Hoak admitted to taking hundreds of thousands of dollars worth of cryptocurrency from Cypher's hacker compensation fund. In a statement, Hoak claimed to have lost the funds through gambling addiction and took responsibility for their actions.

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