Nirvana Finance hacker pleads guilty, agrees to compensate victims
The Southern District of New York's prosecutor's office announced on Thursday that Shakeeb Ahmed, a 34-year-old senior security engineer, admitted to attacking the Nirvana Finance protocol and another unnamed decentralized cryptocurrency exchange. Shakeeb Ahmed agreed to surrender the $12.3 million he gained from the two hacks and will compensate the victims a total of $5 million.
Ahmed was charged with telecommunications fraud and money laundering in July. According to the indictment, he exploited a vulnerability in the smart contract of an unnamed Solana exchange that matched the description of Crema Finance. Ahmed faces a maximum of five years in prison. He is scheduled to be sentenced on March 13, 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Important Space Preview] Fed buys BTC? RWA is subverting the global capital game
![[Important Space Preview] Fed buys BTC? RWA is subverting the global capital game](https://img.bgstatic.com/multiLang/image/social/07cc6fb90a7c4b821dea2c568e95086b1745409309711.jpg)
Pi Core Team Takes Bold Action to Support Pi Coin Stability
In Brief PCT's impressive purchases aim to stabilize Pi Coin's market value. Experts warn about the temporary nature of these interventions in the long run. Investors are advised to stay strategic amidst ongoing market fluctuations.
BTC falls below $93,000
Solana Foundation to Implement New Policies for Validators Joining and Exiting Delegation Program
Trending news
MoreCrypto prices
More
