{"id":9457,"date":"2023-07-12T21:44:11","date_gmt":"2023-07-12T21:44:11","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/12\/solana-blockchain-hack-indictment-reveals-9-million-defrauding-scheme\/"},"modified":"2023-07-12T21:44:11","modified_gmt":"2023-07-12T21:44:11","slug":"solana-blockchain-hack-indictment-reveals-9-million-defrauding-scheme","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/12\/solana-blockchain-hack-indictment-reveals-9-million-defrauding-scheme\/","title":{"rendered":"Solana Blockchain Hack: Indictment Reveals $9 Million Defrauding Scheme"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The U.S. Attorney indicted a Solana computer security engineer for allegedly laundering $9 million from the blockchain\u2019s DEX crypto exchange, in a shocking hack incident. So, how did this engineer launder $9 million? Moreover, how was he caught? Let\u2019s take a closer look!<\/p>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>The U.S. Attorney\u2019s Office for the Southern District of New York has indicted a Solana computer security engineer for laundering $9 million from the blockchain\u2019s DEX crypto exchange.<\/li>\n<li>The engineer, Shakeeb Ahmed, manipulated a vulnerable smart contract on the <a href=\"https:\/\/nftevening.com\/everything-to-know-about-solana-nft-marketplace-solsea\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> DEX platform to generate extra fees and then attempted to launder the stolen money using international transfers and Monero.<\/li>\n<li>Ahmed\u2019s online activity, including searching for ways to leave the country and protect the stolen funds, provided further evidence against him.<\/li>\n<\/ul>\n<figure id=\"attachment_122148\" aria-describedby=\"caption-attachment-122148\" style=\"width: 5000px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122148 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"5000\" height=\"2813\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack.jpg 5000w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-300x169.jpg 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-1024x576.jpg 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-768x432.jpg 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-100x56.jpg 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-150x84.jpg 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-450x253.jpg 450w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-1200x675.jpg 1200w\" data-lazy-sizes=\"(max-width: 5000px) 100vw, 5000px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack.jpg\"\/><\/noscript><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122148 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack.jpg\" alt=\"\" width=\"5000\" height=\"2813\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack.jpg 5000w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-300x169.jpg 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-1024x576.jpg 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-768x432.jpg 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-100x56.jpg 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-150x84.jpg 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-450x253.jpg 450w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-1200x675.jpg 1200w\" sizes=\"(max-width: 5000px) 100vw, 5000px\"\/><\/noscript><figcaption id=\"caption-attachment-122148\" class=\"wp-caption-text\">The computer security engineer Shakeed Ahmed stole $9 million from Solana\u2019s DEX crypto exchange in a new, shocking hack.<\/figcaption><\/figure>\n<h2><span id=\"Who_Was_Trying_to_Get_Away_With_a_9M_Solana_Blockchain_Hack\">Who Was Trying to Get Away With a $9M Solana Blockchain Hack?<\/span><\/h2>\n<p>Solana takes another hit this week with a blockchain hack, this time from an insider. The New York-based computer security engineer Shakeeb Ahmed found a vulnerable smart contract of DEX \u2013 Solana\u2019s crypto exchange platform.<\/p>\n<p>Basically, Ahmed manipulated the smart contract to inflate certain exchange fees, generating an extra $9 million. In addition, Ahmed also faces charges for trying to launder the stolen money using international transfers and even Monero, a highly-private cryptocurrency.\u00a0At the time of writing, the U.S. Attorney\u2019s Office for the Southern District of New York has already indicted Shakeeb Ahmed.<\/p>\n<h2><span id=\"What_Was_the_Culprits_Reaction\">What Was the Culprit\u2019s Reaction?<\/span><\/h2>\n<p>Accordingly, Ahmed kept track of every article written about the accusations he was facing after the Solana blockchain hack. According to <a href=\"https:\/\/twitter.com\/tier10k\/status\/1678788418371833857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1678788418371833857%7Ctwgr%5E848dcffc73a9daac42cce9266a74bdd10c8a29ac%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fnftnow.com%2Fnews%2Fnew-york-computer-security-engineer-indicted-in-9-million-defi-fraud%2F\" target=\"_blank\" rel=\"noopener\">social media evidence<\/a>, his internet history also revealed research on trying to leave the U.S.A. and protect the stolen money. Shockingly, Ahmed searched terms such as <em>\u2018can I cross border with crypto\u2019<\/em> and <em>\u2018buying citizenship\u2019.<\/em><\/p>\n<figure id=\"attachment_122149\" aria-describedby=\"caption-attachment-122149\" style=\"width: 724px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122149 size-full perfmatters-lazy\" alt=\"twitter screenshot of a Solana blockchain hacker's history\" width=\"724\" height=\"845\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history.png 724w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-257x300.png 257w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-48x56.png 48w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-150x175.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-450x525.png 450w\" data-lazy-sizes=\"(max-width: 724px) 100vw, 724px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history.png\" src=\"https:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20724%20845'%3E%3C\/svg%3E\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122149 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"twitter screenshot of a Solana blockchain hacker's history\" width=\"724\" height=\"845\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history.png 724w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-257x300.png 257w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-48x56.png 48w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-150x175.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-450x525.png 450w\" data-lazy-sizes=\"(max-width: 724px) 100vw, 724px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history.png\"\/><\/noscript><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122149 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history.png\" alt=\"twitter screenshot of a Solana blockchain hacker's history\" width=\"724\" height=\"845\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history.png 724w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-257x300.png 257w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-48x56.png 48w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-150x175.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-hack-history-450x525.png 450w\" sizes=\"(max-width: 724px) 100vw, 724px\"\/><\/noscript><figcaption id=\"caption-attachment-122149\" class=\"wp-caption-text\">The crypto news source @tier10k revealed the hacker\u2019s search engine history. Credit: Twitter<\/figcaption><\/figure>\n<p>Overall, Ahmed\u2019s reaction to the accusation ended up offering even more evidence for the court. The hacker also tried to make a deal with DEX. He proposed to return most of the stolen cash in order to avoid law enforcement.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/solana-blockchain-hack-indictment-reveals-9-million-defrauding-scheme\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Attorney indicted a Solana computer security engineer for allegedly laundering $9 million from the blockchain\u2019s DEX crypto exchange, in a shocking hack incident. So, how did this engineer launder $9 million? Moreover, how was he caught? Let\u2019s take a closer look! TL;DR The U.S. Attorney\u2019s Office for the Southern District of New York [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/solana-blockchain-hack-1024x576.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9457"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=9457"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/9458"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=9457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=9457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=9457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}