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  4. Ex-security engineer gets three years in prison for $12 million crypto hacks

Ex-security engineer gets three years in prison for $12 million crypto hacks

Scheduled Pinned Locked Moved The Insider News
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  • K Offline
    K Offline
    Kent Sharkey
    wrote on last edited by
    #1

    Security Boulevard[^]:

    A former Amazon engineer who scammed more than $12 million from two decentralized cryptocurrency exchanges in 2022 was sentenced to three years in prison in a case that the U.S. Justice Department (DOJ) called the first conviction for hacking a “smart contract.”

    He's smarter than the average smart contract (but not smart enough, apparently)

    D 1 Reply Last reply
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    • K Kent Sharkey

      Security Boulevard[^]:

      A former Amazon engineer who scammed more than $12 million from two decentralized cryptocurrency exchanges in 2022 was sentenced to three years in prison in a case that the U.S. Justice Department (DOJ) called the first conviction for hacking a “smart contract.”

      He's smarter than the average smart contract (but not smart enough, apparently)

      D Offline
      D Offline
      den2k88
      wrote on last edited by
      #2

      Craptobros are dead set against any kind of regulation and authority in their spaces so they can scam each other with impunity. I think this man shouldn't have been jailed since he used the system exactly as designed. Any peon who willingly drops money into a Ponzi scheme (and all craptocoins are Ponzi schemes) deserves to have those money ripped away.

      GCS/GE d--(d) s-/+ a C+++ U+++ P-- L+@ E-- W+++ N+ o+ K- w+++ O? M-- V? PS+ PE Y+ PGP t+ 5? X R+++ tv-- b+(+++) DI+++ D++ G e++ h--- r+++ y+++*      Weapons extension: ma- k++ F+2 X The shortest horror story: On Error Resume Next

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