Former Amazon Security Engineer Arrested and Charged with Hacking Crypto Exchange

A former cybersecurity pro for Amazon is likely in deep hassle . Federal prosecutor say Shakeeb Ahmed used his chop science to slip $ 9 million in plus from a cryptocurrency commutation last summertime , then attempt to wash the stolen goods through a fog of on-line trickery .

The 34 - yr - onetime techie was taken into custody in Manhattan on Tuesday and charged with wire fraud and money laundering . draw byofficials only as a “ former security engineer ” for an “ international technology company , ” Ahmed is accused of using his security insightfulness to cheat an unidentified Solana - based crypto exchange out of millions of clam .

More specifically , cops say that Ahmed exploit a vulnerability in the unnamed rally ’s wise declaration — the computer software used to facilitate crypto minutes — which allowed him to render $ 9 million in outlaw fees . These fee were supposed to be paid to customers who provided high level of liquidity to the platform . However , Ahmed allegedly cook the software system to insert put on terms data point that basically generated money out of thin strain . Ahmed is also incriminate of later using “ flash loan ” approach — another variety of crypto exploit — to taste to bilk more money out of the exchange .

Image: Goami (Shutterstock)

It was initially unclear what company Ahmed had previously worked for , as officials did not identify his office of exercise . However , on Tuesday eve , cybersecurity blogger Jackie Singhwrotethat Ahmed had process for Amazon , cite numerous on-line profiles that appeared to be tie to the security professional .

Gizmodo reached out to Amazon for details about Ahmed ’s use and a representative confirmed that Ahmed was no longer employed with the companionship but could n’t provide further details about his role at the tech hulk .

A LinkedIn profile matching Ahmed ’s verbal description heel him as a “ Senior Security Engineer ” at Amazon and says he has been apply with the companionship since November of 2020 . The visibility still lists Amazon as the exploiter ’s position of employment . It could n’t forthwith be affirm whether the visibility mull over the person arrested Tuesday .

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Inner City Press , a New York outlet , reportsthat when Ahmed seem in court for his arraignment on Tuesday he was wear off flip flop , boxershorts , and a T - shirt that simply said “ I inscribe . ” After plead not shamefaced , he was afterward released on bond and will be allowed to keep live at his apartment in the metropolis , the outlet says .

“ As alleged , Mr. Ahmed used his skills as a computer security department locomotive engineer to steal millions of dollar . He then allegedly adjudicate to obscure the stolen monetary resource , but his skills were no match for IRS Criminal Investigation ’s Cyber Crimes Unit , ” said Tyler Hatcher , peculiar agent in charge of the cyber unit , in a statementon Tuesday . “ We , along with our partners at HSI and the Department of Justice , are at the forefront of cyber investigating and will track these fraudsters anywhere they endeavor to cover and withstand them accountable . ”

Each of the charges that Ahmed has been slapped with carry a maximum penalty of twenty years in prison . If convicted , he could face decades behind bars .

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