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News Explorer — Cypher Protocol Contributor Admits They Stole $300,000 Worth of Funds

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May 15, 1:34 am
Unchained Crypto

Cypher Protocol Contributor Admits They Stole $300,000 Worth of Funds

A core contributor to the Solana-based decentralized exchange Cypher Protocol, known as Hoak, has stolen funds from a redemption contract set up to recover funds from a previous exploit. Hoak made 36 withdrawal transactions from the recovery wallet, stealing assets such as ETH, RLB, BONK, ORCA, and wrapped SOL. The stolen assets were then swapped for USDT, USDC, and SOL and sent to Binance, totaling just under $300,000.

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