Quote from: Victorybit1 on Today at 09:53:48 PM

Quote from: Oshosondy on May 15, 2024, 09:41:12 AM

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

There is another one that I read today that people thought he 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 confesses that he lost $300K of user funds to gambling.

Quote from: https://cointelegraph.com/news/solana-cypher-developer-gambling-scandal

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 on X:
https://x.com/hoakbuilds/status/1790434490877129007

https://docs.google.com/document/d/10ta9quGGrmTNE1Pi7MlgLgSx9zxEqQdkbBfis1pmHrM/mobilebasic

If you ever find yourself gambling with people's money it means that your gambling addiction has become uncontrollable and this might put you in lot of trouble. I don't even advice you to use anyones money to do whatever you think is better and profitable than gambling be it crypto trading or forex trading. In a situation where you gamble with someone's money without thinking of you the consequences at that moment is the addictive phase of gambling no matter how desperate you are there are some lines you shouldn't cross, this is one of them

On the time that you do already up with this kind of move or decisions then you are indeed no doubt already a gambling addict. No one on their right minds would really be that making use of others money just for them to gamble but on the moment or time that you are already addicted into it then making up proper or right decisions would already be that hard on this case.