The U.S. Division of Justice introduced that former Amazon safety engineer Shakeeb Ahmed was given a three-year jail sentence after exfiltrating greater than $12.3 million from two decentralized finance cryptocurrency exchanges hacked in July 2022, The Hacker Information studies.

Except for returning the stolen quantity, Ahmed has additionally been ordered to pay greater than $5 million in restitution to the impacted DeFi exchanges.

Tens of millions of {dollars} have been exfiltrated by Ahmed from an unnamed DeFi cryptocurrency trade after exploiting a wise contract vulnerability that enabled the insertion of fraudulent pricing information, with the hacker later agreeing to return a lot of the stolen belongings supplied that the agency didn’t report the flash mortgage intrusion, in response to the Justice Division.

In the meantime, one other $3.6 million was stolen from an assault towards Nirvana Finance, which resulted within the DeFi trade’s closure, with Ahmed then laundering the entire exfiltrated funds by cross-chain bridges, the Justice Division famous.