In the United States, the first ever sentence was handed down for hacking a smart contract of a decentralized exchange

New York authorities have handed down the first ever conviction for hacking the smart contract of the Nirvana Finance protocol and another decentralized exchange.

The defendant, Shakib Ahmed, admitted guilt and agreed to return $12.3 million and pay compensation in the amount of $5.07 million.

Previously, he was arrested for hacking an exchange based on Solana (it is assumed that we are talking about Crema Finance).

Ahmed faces a sentence of five years in prison. The final verdict in the case will be delivered on March 13, 2024.

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