Ex-Security Engineer Jailed 3 Years for $12.3 Million Crypto Exchange Thefts

Due to allegations that he stole over $12.3 million by hacking two decentralized cryptocurrency exchanges in July 2022, a former security engineer was given a three-year prison sentence in the United States.

The defendant in question, Shakeeb Ahmed, entered a guilty plea to one count of computer fraud in December 2023, subsequent to his arrest in July.

The U.S. Department of Justice (DoJ) stated at the time that Ahmed, a citizen of the United States, was a senior security engineer for an international technology company at the time of both attacks.

His resume listed expertise in reverse engineering smart contracts and blockchain audits, among other specialized skills, which Ahmed used to carry out the hacks read more Ex-Security Engineer Jailed 3 Years for $12.3 Million Crypto Exchange Thefts.

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