Security Engineer Gets Jail Time for $12M Crypto Exchange Theft
Friday, 12 April 2024, 15:53
Security Engineer Sentenced to 3 Years in Jail for Cryptocurrency Exchange Theft
A security engineer named Shakeeb Ahmed has been sentenced to three years in prison for stealing over $12 million from two decentralized cryptocurrency exchanges on Solana.
Crime and Punishment
Shakeeb Ahmed's actions underscore the risks associated with crypto exchanges and the need for stringent security protocols. The judiciary's decision to impose a three-year prison term and three years of supervised release serves as a deterrent against cybercrimes in the digital asset space.
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