Summary
TLDR: Hacker Shakeeb Ahmed, responsible for the 2022 Nirvana exploit, was sentenced to three years and ordered to forfeit $12.3 million, with $6 million in crypto. He also has to pay restitution of over $5 million. Ahmed tried to evade authorities by searching on Google but was eventually caught.
Key Points
1. Shakeeb Ahmed, the hacker behind the 2022 Nirvana exploit, a flash loan attack, was sentenced to three years on Friday.
2. The Department of Justice announced the sentencing, which marks the first time someone has been convicted for hacking a smart contract.
3. Ahmed pleaded guilty to the DOJ’s charges in December of last year and forfeited $12.3 million, with roughly $6 million of that in crypto.
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