An anonymous contributor to the crypto trading protocol Cypher admitted to stealing and gambling $260,000 worth of the project’s held cryptocurrencies.
The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological factors that went by unchecked.”
“The allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else,” the contributor, who goes by “hoak” wrote in a public“I never thought this would be a possibility, having a core contributor who stayed on after the exploit to try and rebuild the project be the one who rugged funds from the redemption contract,” Barrett wrote on X.
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