US prosecutors have charged Solana’s pc safety engineer with laundering $9 million from a blockchain DEX crypto trade in a stunning hacking case. So how did this engineer launder $9 million, and the way did he get caught? Let’s take a more in-depth look!
TL;DR
- The U.S. Lawyer’s Workplace for the Southern District of New York has indicted a pc safety engineer at Solana for laundering $9 million from a blockchain DEX crypto trade.
- Engineer Shakeeb Ahmed manipulated a weak good contract on the Solana DEX platform to generate surcharges and tried to launder stolen funds utilizing worldwide cash transfers and Monero.
- Ahmed’s on-line actions, together with touring overseas to search out methods to guard stolen funds, offered additional proof towards him.
Who Was Attempting To Get Away With The $9 Million Solana Blockchain Hack?
Solana was hit once more this week by a blockchain hack, however this time by an insider. Shakeeb Ahmed, a New York-based pc safety engineer, found a weak good contract in his DEX, Solana’s crypto trade platform.
Primarily, Ahmed manipulated good contracts to inflate sure trade charges, producing an extra $9 million. Ahmed can also be charged with making an attempt to launder stolen funds utilizing worldwide cash transfers and the top-secret cryptocurrency Monero. As of this writing, the US Lawyer’s Workplace for the Southern District of New York has already indicted Shakib Ahmed.
What was the perpetrator’s response?
Ahmed subsequently tracked down each article written in regards to the accusations he confronted after Solana’s blockchain hack.in line with social media proof, his web historical past additionally revealed investigations attempting to guard stolen cash by leaving america. Surprisingly, Ahmed looked for phrases equivalent to: “Can I cross borders with digital foreign money?” and “Purchase citizenship”.
Total, Mr. Ahmed’s response to the accusations in the end offered the courtroom with much more proof. Hackers additionally tried to commerce with DEX. He recommended returning a lot of the stolen money to keep away from regulation enforcement.
