Hacker Behind $9 Million Crypto Attack on Solana-Based Exchange Charged With Wire Fraud and Money Laundering

In July 2022, a hacker exploited a smart contract bug to steal $9 million in virtual assets from a decentralized Solana-based crypto exchange. The hack took place over the Solana-based liquidity protocol Crema Finance. The accused was charged with wire fraud and money laundering and has been detained in New York. The accused left a trail that law enforcement was able to follow due to the blockchain's ability to track movements. The hacker was allowed to keep $1.6 million as a white hat bounty.

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