CoinVoice has recently learned that Nirvana Finance has announced on social media that it has opened up compensation claims. Nirvana V2 has been launched. Original ANA holders can now get an early experience of the application.
It was previously reported that former security engineer Shakeeb Ahmed was sentenced to 3 years in prison by U.S. District Judge Victor Marrero for attacking two decentralized cryptocurrency exchanges and stealing over $12 million worth of cryptocurrency. This is the first conviction case regarding hacking attacks on smart contracts.
In July 2022, Ahmed launched an attack on a cryptocurrency exchange using false pricing data and stole approximately $9 million worth of cryptocurrency. He then attacked Nirvana Finance, exploiting a vulnerability in its smart contract to purchase cryptocurrency at a price lower than the contract specified and sell it to Nirvana at a higher price, stealing nearly all of Nirvana's $3.6 million funds, which led to its closure shortly after being hacked. [Original link]