Shakeeb Ahmed, a senior security engineer, has pleaded guilty in a New York court for his involvement in two cryptocurrency hacks. He exploited vulnerabilities in smart contracts to carry out the hacks, resulting in losses of millions of dollars. Ahmed has agreed to forfeit $12.3 million and pay $5 million in restitution, and he could face up to five years in prison. This case highlights the increasing scrutiny on cybercriminals exploiting vulnerabilities in the crypto space.
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