Nirvana Finance hacker pleads guilty, agrees to pay compensation to victims

Shakeeb Ahmed, a 34-year-old senior security engineer, admitted that he carried out attacks using the Nirvana Finance protocol and another unnamed decentralized cryptocurrency exchange, the U.S. Attorney's Office for the Southern District of New York announced Thursday. Ahmed agreed to give up $12.3 million gained from the two hacks. He will also pay a total of $5 million in restitution to victims. "Five months ago, my office announced its first arrest involving an attack on a smart contract," U.S. Attorney Damian Williams said in a statement. "This arrest now represents the first conviction for such a hack." (The Block) )