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Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Crypto Exchanges

Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges (DEXs) built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday. Ahmed was arrested last year on wire fraud and money laundering charges, after federal officials alleged he stole $9 million from a DEX built on Solana – which appears to be Crema Finance. Prosecutors asked for a four-year sentence, noting that the statutory maximum was five years but Ahmed had accepted responsibility by pleading guilty and surrendering the proceeds of the hacks. Ahmed's defense team has argued for no prison time.

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