After orchestrating a series of hacks on two decentralized cryptocurrency exchanges (DEXs) that stole more than $12 million worth of crypto, former security engineer Shakeeb Ahmed was sentenced today to three years in prison, this is the first-ever smart contract hacking conviction in the US. Ahmed was also ordered to forfeit the stolen crypto and pay […]
An unidentified decentralized crypto exchange and Nirvana Financial, a decentralized financial yield protocol, were both compromised in a hacking incident, which a software engineer admitted to. A maximum five-year prison term awaits him for wire fraud and money laundering charges. According to the US Attorney’s Office, this was the first smart contract hacking case to […]