Shakeeb Ahmed, a former security engineer, has been sentenced to three years in prison for hacking cryptocurrency exchanges.

Ahmed stole over $12.3 million and attempted to extort the hacked exchanges.

He exploited smart contract vulnerabilities to manipulate pricing and conduct fraudulent transactions.

To conceal the theft, Ahmed employed advanced money laundering techniques, including the use of cross-chain bridges and asset mixers.

Beyond his prison sentence, Ahmed is required to forfeit the stolen cryptocurrency and pay restitution exceeding $5 million.

The case underscores law enforcement's determination to prosecute cybercriminals, no matter the complexity of their schemes.