The United States has announced the first criminal case involving an attack on a smart contract operated by a decentralized exchange. Shakeeb Ahmed, a 34-year-old engineer from New York, has been charged with wire fraud and money laundering, each of which carries a maximum sentence of 20 years in prison.
According to the indictment, Ahmed used his expertise to defraud the exchange and allegedly stole $9 million in crypto on July 2-3, 2022. He then allegedly used different blockchains, including privacy coin Monero and overseas crypto exchanges to hide the trace of the funds.
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