* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Cybersecurity professional accused of stealing $9 million in crypto

July 11, 2023
in Technology
Cybersecurity professional accused of stealing $9 million in crypto
Share on FacebookShare on Twitter

The U.S. government accused a cybersecurity professional of hacking a cryptocurrency exchange and stealing around $9 million in cryptocurrency, in what looks like a case of an ethical hacker turning rogue, then trying to appear ethical again.

In a press release on Tuesday, the U.S. Attorney’s Office of the Southern District of New York announced the indictment of Shakeeb Ahmed, 34, calling him “a senior security engineer for an international technology company whose resume reflected skills in, among other things, reverse engineering smart contracts and blockchain audits, which are some of the specialized skills AHMED used to execute the attack.”

While the prosecutors did not specify who the victim was, cryptocurrency news website Coindesk reported that the description and date of the hack match the attack on Crema Finance, a Solana-based exchange, which happened in early July 2022, around the same date — July 2 and 3 — that Ahmed is alleged to have hacked the unnamed exchange.

In that case, the hacker ended up returning around $8 million in crypto and keeping the rest, as it was reported at the time. In its press release, DOJ prosecutors said that Ahmed “had communications with the Crypto Exchange in which he decided to return all of the stolen funds except for $1.5 million if the Crypto Exchange agreed not to refer the attack to law enforcement.”

This is a very common practice in the world of crypto and web3. In the past, hackers who stole crypto and offered to return parts of it by negotiating with the victims directly have sometimes called themselves “white hats,” cybersecurity lingo for hackers who have good intentions. Clearly, these hackers have taken what is a word with a pretty clear and established meaning and co-opted it for a practice that resides — to say the least — in a gray area.

And, as this case shows, returning some of your crypto loot does not mean you will not be prosecuted.

The feds highlighted the fact that Ahmed, who is accused of wire fraud and money laundering, used the chops he learned in his day jobs to carry out the theft.

“Ahmed used his skills as a computer security engineer to steal millions of dollars. He then allegedly tried to hide the stolen funds, but his skills were no match for IRS Criminal Investigation’s Cyber Crimes Unit,” Special Agent in Charge Tyler Hatcher, who works for IRC-CI, the criminal investigation branch of the IRS, is quoted as saying in the press release.

Ahmed allegedly exploited a vulnerability in the exchange and inserted “fake pricing data to fraudulently generate millions of dollars’ worth of inflated fees,” which he did not actually earn, but was still able to withdraw,” according to the indictment against Ahmed.

Then, according to the feds, Ahmed allegedly laundered the stolen crypto “through a series of transactions,” such as swapping tokens, “bridging” the proceeds from the Solana blockchain to the Ethereum blockchain, among others.

Later, Ahmed also allegedly searched online for information on the hack, “his own criminal liability,” attorneys who had expertise in similar cases, whether law enforcement could investigate such an attack, and “fleeing the United States to avoid criminal charges.”

Do you have information about this hack, other cyberattacks against crypto projects, or thefts of cryptocurrency? We’d love to hear from you. From a non-work device, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Wickr, Telegram and Wire @lorenzofb, or email [email protected]. You can also contact TechCrunch via SecureDrop.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCrunch – https://techcrunch.com/2023/07/11/cybersecurity-professional-charged-for-stealing-9-million-in-crypto/

Tags: Cybersecurityprofessionaltechnology
Previous Post

Astranis will launch a dedicated internet satellites for the Philippines next year

Next Post

Create context and provide examples to lower AI adoption barriers

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

August 3, 2025
What do TSA bag scanners actually see? – Popular Science

What do TSA bag scanners actually see? – Popular Science

August 3, 2025
Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

August 3, 2025
U.S. POINTER Study shows lifestyle program improves cognition in older adults – University of California – Davis Health

Lifestyle Program Boosts Cognitive Health in Older Adults, New Study Finds

August 3, 2025
World Championships, Day Eight Finals: Kliment Kolesnikov Blazes to Title in 50 Backstroke; Tie for Silver – Swimming World

Kliment Kolesnikov Blazes to Victory in 50 Backstroke as Day Eight of World Championships Ends with a Silver Medal Tie

August 3, 2025
Bond investors warm to risk, with Fed staying put in ‘Goldilocks’ economy – Reuters

Bond Investors Take Bold Steps as Fed Maintains Steady Course in a ‘Goldilocks’ Economy

August 3, 2025
Go-to entertainment: why gaming was made for the toilet – The Guardian

Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

August 3, 2025
Covenant Health offers immunizations, activities for kids at Back to School Bash – KCBD

Covenant Health’s Back to School Bash: A Fun-Filled Immunization and Activities Event for Kids

August 3, 2025
Trump tells Schumer to ‘go to hell’ as Senate heads home after failed attempt to strike deal on nominees – CNN

Trump tells Schumer to ‘go to hell’ as Senate heads home after failed attempt to strike deal on nominees – CNN

August 3, 2025
Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

Microsoft Aims to Broaden Access to OpenAI Technology

August 3, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (752)
  • Economy (777)
  • Entertainment (21,654)
  • General (16,263)
  • Health (9,814)
  • Lifestyle (785)
  • News (22,149)
  • People (777)
  • Politics (786)
  • Science (15,990)
  • Sports (21,272)
  • Technology (15,754)
  • World (758)

Recent News

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

August 3, 2025
What do TSA bag scanners actually see? – Popular Science

What do TSA bag scanners actually see? – Popular Science

August 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version