A former security engineer for an international tech company pleaded guilty in federal court to hacking two decentralized cryptocurrency exchanges.As a result of these hacks in July 2022, U.S. citizen Shakeeb Ahmed, 34, illegally obtained over $12 million, according to the U.S. Department of Justice. Ahmed agreed to forfeit those funds, including more than $5 million in restitution to victims. He faces a maximum sentence of five years in prison.Ahmed exploited vulnerabilities in the smart contracts of the two exchanges: one called Nirvana Finance and another unspecified exchange based on the currency Solana. Smart contracts are digital agreements with the terms…
NY engineer pleads guilty to stealing millions from two crypto exchanges – The Record from Recorded Future News
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