The U.S. Department of Justice today announced criminal charges in a case involving a hack on an unnamed decentralized exchange (DEX)—the first of its kind.

According to a Tuesday indictment, U.S. Attorney Damian Williams said that Shakeeb Ahmed, a top engineer at an international technology company, “used his expertise to defraud the exchange” and allegedly steal $9 million in crypto on July 2-3, 2022.

It further alleged that the 34-year-old New York resident used different blockchains—including privacy coin Monero—and overseas crypto exchanges to hide the trace of the funds. He then allegedly made an agreement with the DEX to return all of the stolen funds except for $1.5 million.

“It doesn’t matter whethe

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Author: Mathew Di Salvo

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