US prosecutors have charged a New York man with stealing millions of dollars in cryptocurrency after exploiting vulnerabilities in a decentralized financial, or "DeFi" platform, the latest sign of a greater willingness by authorities to wade into this corner of the asset market. digital to thwart alleged irregularities. .
Shakeeb Ahmed, a 34-year-old senior security engineer at an international technology company, exploited a flaw in one of the exchange's smart contracts to insert fake pricing data, generating around $9 million in inflated, unearned fees that he could withdraw in crypto, the US Attorney's Office for the Southern District of New York said in a indictment open Tuesday. Manhattan prosecutors also charged Ahmed with laundering the stolen funds through a series of complex transactions, including the use of offshore digital asset exchanges.
