Shakeeb Ahmed receives three-year sentence after pleading guilty to computer fraud, the first-ever conviction for a smart contract hack. Ahmed laundered the funds he stole using various techniques, including cryptocurrency mixers. US Judge ordered Ahmed to forfeit $12.3 million, pay restitution to Nirvana and an unnamed crypto exchange.
5 million if the Crypto Exchange agreed not to refer the attack to law enforcement, said the DoJ. Also read:SBF sentenced to 25 years in prison after November conviction A few weeks later, he exploited a smart contract vulnerability in Solana-based Nirvana Finance to conduct a flash loan attack that saw him gain $3.6 million. Nirvana offered him a bug bounty of $600,000 to return the funds, but he refused, requesting $1.4 million instead.