Telegram ID: @Vipkhoone_manager

Former Amazon Engineer Sentenced for Hacking DeFi Protocols

Crypto Leak 140 Best Vip channels of the world

Former Amazon Engineer Sentenced for Hacking DeFi Protocols

amazon

In Brief

  • Former Amazon engineer Shakeeb Ahmed sentenced to 3 years for hacking DeFi protocols.
  • Ahmed exploited smart contracts, causing an exchange to shut down after draining funds.
  • He was ordered by court to forfeit $12.3 million and pay restitution exceeding $5 million.
  • In a landmark legal action, former Amazon engineer Shakeeb Ahmed was sentenced to three years in prison for orchestrating hacks on two DeFi cryptocurrency exchanges, resulting in over $12 million theft.

    US District Judge Victor Marrero handed down the sentence, marking a significant milestone in crypto-related law enforcement.

    DeFi Hacker Sentenced to 3 Years in Prison

    Shakeeb Ahmed utilized his extensive knowledge in reverse engineering and blockchain audits to manipulate smart contracts on the exchanges. US Attorney Damian Williams states this case represents the first-ever conviction for hacking a smart contract.

     

     

     

     

    Get to know Godleak

    Godleak crypto signal is a  service which provide profitable crypto and forex signals for trading. Godleak tried to provide you signals of best crypto vip channels in the world.

    It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

    Crypto leak

    Godleak crypto leak service have multiple advantages in comparision with other services:

    •  Providing signal of +160 best crypto vip channels in the world
    • Using high tech bot to forward signals
    • Without even a second of delay
    • Joining in +160 separated channels on telegram
    • 1 month, 3 months , 6 months and yearly plans
    • Also we have trial to test our services before you pay for anything

    For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

     

    Join for Free

    ☟☟☟☟☟

    https://t.me/Godleakbot

    Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

     

     

     

    “No matter how novel or sophisticated the hack, this Office and our law enforcement partners are committed to following the money and bringing hackers to justice. And as today’s sentence shows, time in prison — and forfeiture of all the stolen crypto — is the inevitable consequence of such destructive hacks,” Williams emphasized.

    On July 2 and 3, 2022, Ahmed targeted the first exchange by injecting fake pricing data, generating $9 million in inflated fees, which he then illicitly withdrew. In a subsequent communication with the exchange, Ahmed agreed to return the stolen funds except for $1.5 million, provided the exchange did not report the attack to law enforcement.

A few weeks later, on July 28, Ahmed exploited a vulnerability in Nirvana Finance’s smart contracts. This second attack drained Nirvana of approximately $3.6 million, nearly all its funds, forcing the platform to shut down. Ahmed declined Nirvana’s substantial bug bounty offer, opting to keep the stolen assets.

Ahmed engaged in sophisticated laundering techniques to obscure the origins of the stolen funds. These included swapping tokens across blockchains, converting assets into the untraceable crypto Monero, and utilizing overseas exchanges and cryptocurrency mixers.

In addition to prison time, the court has ordered Ahmed to forfeit around $12.3 million in stolen assets. He must also pay restitution exceeding $5 million to the affected exchanges. He will also undergo three years of supervised release post-incarceration.

 

 

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *