{"id":120945,"date":"2023-07-11T17:24:03","date_gmt":"2023-07-11T17:24:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/feds-charge-engineer-in-first-ever-decentralized-exchange-hack-case-crypto-news\/"},"modified":"2023-07-11T17:24:04","modified_gmt":"2023-07-11T17:24:04","slug":"feds-charge-engineer-in-first-ever-decentralized-exchange-hack-case-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/feds-charge-engineer-in-first-ever-decentralized-exchange-hack-case-crypto-news\/","title":{"rendered":"Feds Charge Engineer in First-Ever Decentralized Exchange Hack Case\n – Crypto News"},"content":{"rendered":"
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The US Department of Justice today announced criminal charges<\/a> in a case involving a hack on an unnamed decentralized exchange<\/a> (DEX)\u2014the first of its kind.<\/p>\n

According to a Tuesday indictment, US Attorney Damian Williams said that Shakeeb Ahmed, a top engineer at an international technology company, “used his expertise to defraude the exchange” and allegedly steal $9 million in crypto. According to the indictment, the attack took place from July 2-3, 2022.<\/p>\n

“We also allege that he then laundered the stolen funds through a series of complex transfers on the blockchain where he swapped cryptocurrencies, hopped across different crypto blockchains, and used overseas crypto exchanges,” he said.<\/p>\n

Although the DEX hasn’t been named in the indictment, it may be related to the Solana<\/a>-based liquidity protocol Crema Finance hack that happened at that time last year, when a thief made away with $9 million in digital assets in a flash loan attack.<\/p>\n

This is a breaking news story and will be updated.<\/i><\/p>\n

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<\/p>\n

Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US Department of Justice today announced criminal charges in a case involving a hack on an unnamed decentralized exchange (DEX)\u2014the first of its kind. According to a Tuesday indictment, US Attorney Damian Williams said that Shakeeb Ahmed, a top engineer at an international technology company, “used his expertise to defraude the exchange” and allegedly […]<\/p>\n","protected":false},"author":2,"featured_media":107122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-120945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120945"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120945\/revisions"}],"predecessor-version":[{"id":120946,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120945\/revisions\/120946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/107122"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}