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BitDegree 2024-04-12 18:01:18

Solana Blockchain Hacker Faces 3 Years in Federal Prison

Key Takeaways 1. Shakeeb Ahmed was sentenced to three years in prison for stealing over $12 million from cryptocurrency exchanges on the Solana blockchain. 2. In addition to his prison sentence, Ahmed must forfeit $12.3 million and pay $5 million in restitution. 3. This case is noted as the first-ever conviction involving the hack of a smart contract, highlighting the evolving enforcement in digital asset security.

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