The algorithmic stablecoin protocol Nirvana, which was previously attacked by a security engineer, has opened claims for compensation.

CoinVoice has learned that Nirvana Finance, an algorithmic stablecoin protocol in the Solana ecosystem, has opened claims for compensation and will launch Nirvana V2 on December 18 at 2:00 AM, allowing original ANA holders to experience the application early.

It was recently learned that in July 2022, hacker Shakeeb Ahmed exploited the pricing mechanism of the protocol to steal approximately $3.5 million in stablecoins. After collaborating with the U.S. Department of Justice, the Department of Homeland Security, and the IRS, Nirvana successfully recovered the stolen funds and Ahmed was sentenced to three years in prison, during which he was ordered to return the cryptocurrency and pay $3.4 million in restitution. (Jinshi) [Original link]