Posted 12/17/2023, 4:53:00 AM
Ex-Amazon Engineer Pleads Guilty to $12 Million Cryptocurrency Smart Contract Hack
- Ex-Amazon engineer pleads guilty to stealing $12.3 million by exploiting vulnerabilities in cryptocurrency exchanges' smart contracts
- First ever conviction involving hacking of a smart contract
- Faces up to 5 years in prison and must repay stolen funds
- Hacked exchanges by falsifying data to trick smart contracts into generating inflated fees
- Attempted to cover tracks by demanding exchanges not contact authorities in exchange for returning funds