Cryptocurrency

"Former Security Engineer Sentenced To Three Years In Prison For Hacking Two Decentralized Cryptocurrency Exchanges"

2024-04-12 [vendor] Nirvana Finance [chain] solana
Primary Source ↗
Blockchain(s) Solana

Incident Details

Shakeeb Ahmed, the hacker who stole a combined $12 million from Crema Finance and Nirvana Finance in July 2022, has been sentenced to three years in prison. Ahmed had previously worked for Amazon, where he led a bug bounty program focused on paying whitehat hackers to discover flaws in Amazon’s software.US Attorney Damian Williams described this as the first ever conviction for a smart contract hack.Ahmed forfeited around $12.3 million in stolen funds, and will pay more than $5 million in restitution.

Technical Details

Initial Attack Vector
Regulatory / legal action
Vendor / Product
Nirvana Finance

Timeline

  1. 2024-04-12 Breach occurred
  2. 2024-04-12 Publicly disclosed