Nirvana Finance hacker pleads guilty, agrees to compensate victims
The Southern District of New York's prosecutor's office announced on Thursday that Shakeeb Ahmed, a 34-year-old senior security engineer, admitted to attacking the Nirvana Finance protocol and another unnamed decentralized cryptocurrency exchange. Shakeeb Ahmed agreed to surrender the $12.3 million he gained from the two hacks and will compensate the victims a total of $5 million.
Ahmed was charged with telecommunications fraud and money laundering in July. According to the indictment, he exploited a vulnerability in the smart contract of an unnamed Solana exchange that matched the description of Crema Finance. Ahmed faces a maximum of five years in prison. He is scheduled to be sentenced on March 13, 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MSTR to enter Nasdaq 100? We’ll know soon.
A Nasdaq spokesperson told me changes to the index would be announced tonight at 8 pm ET
![](https://img.bitgetimg.com/multiLang/image/social/c0b4c7dded4d8e67fa785b1c9d361fdd1734514412069.jpg)
Bitwise launches solana staking ETP in Europe as US applications linger
Bitwise signaled its plans to list a solana ETF in the US less than a month ago
![](https://img.bitgetimg.com/multiLang/image/social/0ec689a1abf89b4e74b4aee7514720041734514411704.jpg)
Ex-Grayscale CEO shifts focus to tokenization
Michael Sonnenshein thinks bringing RWAs onchain “is one of the most exciting frontiers in the broader blockchain and digital assets space”
![](https://img.bitgetimg.com/multiLang/image/social/b130b4a47787bd75f8b9f5914070279a1734513780268.jpg)
Crypto Hiring: Securitize, Galaxy, Hashdex add leaders
In case you missed it, Grayscale’s former CEO wants to help shape the tokenization segment
![](https://img.bitgetimg.com/multiLang/image/social/2a89d62a71ee0719e93cdc92b95b2f331734513780060.jpg)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bitgetimg.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bitgetimg.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bitgetimg.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bitgetimg.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bitgetimg.com/multiLang/coinPriceLogo/binance.png)
![Dogecoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/dogecoin.png)
![USDC](https://img.bitgetimg.com/multiLang/coinPriceLogo/usdc.png)
![Cardano](https://img.bitgetimg.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bitgetimg.com/multiLang/coinPriceLogo/tron.png)