The US Department of Justice (DOJ) has announced the arrest of a person who stole $9 million in cryptocurrencies via flash loan from Solana (SOL)-based decentralized exchange (DEX).
US Department of Justice, Solana-based decentralized exchange 9 million dollars ringing Shakeeb Ahmed‘of 11 July announced that he was arrested. According to the DOJ, the attack in July of 2022 while stating that flash loan method was emphasized.
Although the DOJ DEX Although it is not recorded that it took place on the internet, the information given and the amount stolen were recorded in July 2022. Cream Finance It matches the attack on it.
According to the information conveyed at that time, the attackers came from Cream Finance. 69,422 LEFT And 6 million 497 thousand USD Coin (USDC) he was able to play. As a result of their agreement with CreamFinance, the attackers $7.6 million worth cryptocurrency returned and in return 45,455 LEFT they were awarded.
The DOJ press release included the following details:
By exploiting a vulnerability in one of the cryptocurrency exchange’s smart contracts and adding fraudulent pricing data in July 2022, Ahmed carried out an attack worth approximately $9 million that he did not legally earn with the flash loan technique, thus transferring the cryptocurrencies to his own account.
In addition to the DOJ, Ahmed’s total More than 21 flash loan attacks while stating that he had carried out the attack, 9 million dollars providing transaction confidentiality shortly after the event to Monero (XMR) these assets by converting them and sending them to different cryptocurrency exchanges. laundering as you try also placed.
On the other hand, according to LinKedIn records, Ahmed’s a senior cybersecurity engineer at Amazon allegedly working. An Amazon spokesperson told TechCrunch that Ahmed is no longer working at the company.