#SmartContractHacking

Ex-Amazon engineer gets 3 years for hacking crypto exchanges

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April 12, 2024 at 01:58PM Former Amazon security engineer Shakeeb Ahmed was sentenced to three years in prison for hacking two cryptocurrency exchanges in July 2022, stealing over $12 million. He was also ordered to forfeit $12.3 million and pay restitution to the breached companies. Ahmed used smart contract engineering skills to execute the hacks … Read more

Ex-Amazon engineer pleads guilty to hacking crypto exchanges

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December 15, 2023 at 03:38PM Former Amazon security engineer Shakeeb Ahmed pleaded guilty to hacking and stealing over $12.3 million from two cryptocurrency exchanges in July 2022. He manipulated smart contracts to exploit pricing data, yielding inflated fees, and took advantage of a DeFi protocol loophole. Ahmed used various methods to conceal the stolen funds … Read more