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The U.S. Division of Justice in the present day introduced felony fees in a case involving a hack on an unnamed decentralized change (DEX)—the primary of its variety.
In line with a Tuesday indictment, U.S. Lawyer Damian Williams mentioned that Shakeeb Ahmed, a high engineer at a world expertise firm, “used his experience to defraud the change” and allegedly steal $9 million in crypto. In line with the indictment, the assault happened from July 2-3, 2022.
“We additionally allege that he then laundered the stolen funds via a sequence of advanced transfers on the blockchain the place he swapped cryptocurrencies, hopped throughout completely different crypto blockchains, and used abroad crypto exchanges,” he mentioned.
Although the DEX hasn’t been named within the indictment, it could be associated to the Solana-based liquidity protocol Crema Finance hack that occurred at the moment final yr, when a thief made away with $9 million in digital property in a flash mortgage assault.
This can be a breaking information story and will likely be up to date.
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