Solana DEX Cypher Developer Admits to Stealing and Gambling Fundscoinpedia • about 1 hour agoThe 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 …