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Ex-Security Engineer Jailed For Hacking Decentralized Cryptocurrency Exchanges
GBHackers On Security gbhackers.com
Ahmed exploited a vulnerability in a decentralized cryptocurrency exchange’s smart contract by injecting fabricated pricing data, which triggered the generation of inflated fees totaling $9 million, which he subsequently withdrew in cryptocurrency. Following the theft, Ahmed attempted to extort the exchange, proposing the return of a portion of the stolen funds ($7.5 million) on the […]
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