I have read many news that someone will mismanagement people's money. U read one about a university student some years ago that gamble with his course mate money. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online.
There is another one that I read today that people thought ge ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confessed that he lost people $300K of user funds to gambling.
The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:
“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.”
His statement in X:
https://x.com/hoakbuilds/status/1790434490877129007https://docs.google.com/document/d/10ta9quGGrmTNE1Pi7MlgLgSx9zxEqQdkbBfis1pmHrM/mobilebasic