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The U.S. Lawyer indicted a Solana laptop safety engineer for allegedly laundering $9 million from the blockchain’s DEX crypto alternate, in a surprising hack incident.
TL;DR
The U.S. Lawyer’s Workplace for the Southern District of New York has indicted a Solana laptop safety engineer for laundering $9 million from the blockchain’s DEX crypto alternate.
The engineer, Shakeeb Ahmed, manipulated a susceptible sensible contract on the Solana DEX platform to generate additional charges after which tried to launder the stolen cash utilizing worldwide transfers and Monero.
Ahmed’s on-line exercise, together with trying to find methods to depart the nation and shield the stolen funds, offered additional proof towards him.
Who Was Making an attempt to Get Away With a $9M Solana Blockchain Hack?
Solana takes one other hit this week with a blockchain hack, this time from an insider. The New York-based laptop safety engineer Shakeeb Ahmed discovered a susceptible sensible contract of DEX – Solana’s crypto alternate platform.
Principally, Ahmed manipulated the sensible contract to inflate sure alternate charges, producing an additional $9 million. As well as, Ahmed additionally faces expenses for attempting to launder the stolen cash utilizing worldwide transfers and even Monero, a highly-private cryptocurrency.
On the time of writing, the U.S. Lawyer’s Workplace for the Southern District of New York has already indicted Shakeeb Ahmed.
What Was the Offender’s Response?
Accordingly, Ahmed saved monitor of each article written concerning the accusations he was dealing with after the Solana blockchain hack. In accordance with social media proof, his web historical past additionally revealed analysis on attempting to depart the united statesA. and shield the stolen cash. Shockingly, Ahmed actually searched phrases akin to ‘can I cross border with crypto’ and ‘shopping for citizenship’.
Total, Ahmed’s response to the accusation ended up providing much more proof for the courtroom. The hacker additionally tried to make a cope with DEX; he proposed to return many of the stolen money so as to keep away from regulation enforcement.
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