The Feds have charged a former engineer for the hack and $9 million exploit of a Solana-based cryptocurrency exchange.
IRS And Homeland Security Charge Former Engineer
New York prosecutors have charged a former senior security engineer at an international technology company, Shakeeb Ahmed, in the first-ever criminal case involving an attack on an unnamed decentralized exchange.
The indictment alleges that Ahmed exploited a vulnerability in the exchange’s smart contract, resulting in approximately $9 million worth of inflated fees. He then laundered the stolen funds through complex transactions on the blockchain.
IRS Agent Tyler Hatcher said,
“As alleged, Mr. Ahmed used his skills as a computer security engineer to steal millions of dollars. He then allegedly tried to hide the stolen funds, but his skills were no match for IRS Criminal Investigation’s Cyber Crimes Unit. We, along with our partners at HSI and the Department of Justice, are at the forefront of cyber investigatio
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