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BitDegree 2024-04-12 18:01:18

Solana Blockchain Hacker Faces 3 Years in Prison for Stealing $12M

Key Takeaways After pleading guilty to computer fraud, hacker Shakeeb Ahmed was sentenced to three years in prison for stealing over $12M from Solana-based DEXs; In addition, Ahmed must forfeit $12.3M and pay $5M in restitution; US Attorney highlights this case as the first conviction for smart contract hacking, stressing severe penalties for blockchain security breaches.

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