![Deutsche Borse Group&#;s Crypto Subsidiary Obtains Licenses from German](https://todaysgist.com/wp-content/uploads/2024/02/Deutsche-Borse-Group39s-Crypto-Subsidiary-Obtains-4-Licenses-from-German.jpg)
Cybersecurity Engineer Faces 3 Year Prison Sentence for Crypto Theft
Follow Us @
Cybersecurity Engineer Faces 3 Year Prison Sentence for Crypto Theft
Liputan6.com, Jakarta – A cyber security engineer, Shakeeb Ahmed, who was convicted of stealing around USD 12 million or the equivalent of IDR 193.4 billion (assuming an exchange rate of IDR 16,117 per US dollar) in crypto, was sentenced to three years in prison on Friday, April 12 2024.
Reporting from Yahoo Finance, Monday (15/4/2024), in a press release, the US Attorney for the Southern District of New York announced the sentence. Ahmed is accused of hacking two cryptocurrency exchanges, and stealing about USD 12 million in crypto, according to prosecutors.
Ahmed was arrested last year, with authorities describing him as a senior security engineer at an international technology company. His LinkedIn profile says he previously worked at Amazon. However, he was not working there at the time of his arrest.
Although the name of one of his victims was never revealed, Ahmed reportedly hacked Crema Finance, a Solana-based crypto exchange, in early July 2022.
Then, a few weeks later, he hacked Nirvana Finance. Ahmed stole USD 9 million or the equivalent of IDR 145 billion and USD 3.6 million or the equivalent of IDR 58 billion respectively in the two hacks.
In the case of Nirvana Finance, the stolen funds represented approximately all of the funds owned by Nirvana, which led to Nirvana Finance being shut down, according to the press release.
Ahmed pleaded guilty to having carried out both cyberattacks. After hacking Crema, Ahmed contacted the company in an attempt to recover the stolen funds, except for a USD 1.5 million fee such as an informal finder's fee and a promise that Crema would not report the attack to the authorities.
Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.
Cybersecurity Engineer Faces 3 Year Prison Sentence for Crypto Theft
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Cybersecurity #Engineer #Faces #Year #Prison #Sentence #Crypto #Theft
-
usa today entertainment3 months ago
Red Eye (TV series 2024) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Perpetrator Laundering Money Using Crypto Worth IDR 3.7 Trillion Caught in Hong Kong
-
usa today entertainment3 months ago
Luxe Listings Toronto (TV series) Download Mp4 ▷ Todaysgist
-
usa today entertainment3 months ago
HYBE Confirms There Was an Attempted Rebellion at ADOR, Says Gibah Min Hee Jin with Other Agency Officials
-
Sports3 months ago
The schedule for the rematch against Udinese is not favorable for AS Roma
-
usa today entertainment3 months ago
Brigands The Quest For Gold (2024) (Italian) (TV series) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Today's Crypto Prices 30 April 2024: Bitcoin CS is on fire again
-
Horoscope3 months ago
check out today’s forecast (04/26) for your sign – Cities on the Net