34-year-old ex-Amazon engineer, Shakeeb Ahmed, sentenced to 3 years for hacking DeFi platforms, stealing $12M in cryptocurrency by exploiting smart contract flaws.
Former Amazon software engineer Shakeeb Ahmed, 34, has been sentenced to three years in prison for hacking two decentralized finance (DeFi) platforms, stealing $12 million in cryptocurrency. Ahmed exploited flaws in the platforms' smart contracts to insert fake pricing data, generating inflated profits, which he then withdrew. This marks the first-ever conviction for hacking a smart contract.
April 12, 2024
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