Crypto Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Solana-Based Exchanges

Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges (DEXs) built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday.

Ahmed was arrested last year on wire fraud and money laundering charges, after federal officials alleged he stole $9 million from a DEX built on Solana – which appears to be Crema Finance. He pleaded guilty to one count of computer fraud in December.

***

In a statement, U.S. Attorney Damian Williams said Ahmed’s guilty plea was “the first ever conviction for the hack of a smart contract.”

Source: Crypto Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Solana-Based Exchanges