Million

Coin

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   <li><strong>The US has charged a hacker in the first-ever smart contract criminal hack.</strong></li> 
   <li><strong>The attacker, a former engineer, stole $9 million worth of crypto and was charged with defrauding a decentralized exchange.</strong></li> 
   <li><strong>The US Attorney said the criminal’s disguise attempts didn’t stop law enforcement from following the money.</strong></li> 
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  <p>U.S. Attorney Damian Williams announced, in a Twitter video, details of the first-ever smart contract criminal hack. The attacker, Shakeeb Ahmed, was charged with wire fraud and money laundering after allegedly stealing $9 million worth of cryptocurrency from a decentralized exchange (DEX).</p> 
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     <p lang="en" dir="ltr">U.S. Attorney Damian Williams announces the first-ever criminal case involving an attack on a smart contract operated by a decentralized cryptocurrency exchange <a href="https://t.co/j3JPv2L612" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/j3JPv2L612</a></p>— US Attorney SDNY (@SDNYnews) <a href="https://twitter.com/SDNYnews/status/1678780204062490626?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2023</a> 
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  <p>Ahmed, who was a senior security engineer at Amazon, used his skills in reverse engineering smart contracts and blockchain audits to hack the software. In July 2022, he took advantage of a vulnerability found within the decentralized <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/" rel="noopener noreferrer nofollow">crypto exchange</a>’s smart contract. By injecting false pricing data, he succeeded in generating $9 mil…</p> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/former-engineer-who-stole-9-million-from-exchange-arrested-in-the-us/">Former Engineer Who Stole $9 Million From Exchange Arrested in the US</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>
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Former Engineer Who Stole $9 Million From Exchange Arrested in the US

Coin Edition

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