The engineer who hacked into Nirvana Finance has pleaded guilty and will forfeit over $12.3 million in assets.

BlockBeats reported on December 15th that the US Southern District of New York Prosecutor's Office revealed that security engineer Shakeeb Ahmed admitted to attacking Nirvana Finance (a Solana-based stablecoin protocol) and another decentralized cryptocurrency exchange, marking the first conviction for breaching smart contracts. Ahmed pleaded guilty to computer fraud in front of US District Judge Ona T. Wang and agreed to forfeit over $12.3 million, including approximately $5.6 million in cryptocurrency obtained through fraud, and to pay a total of $5,071,074.23 in restitution to the victims. As previously reported by BlockBeats, on July 12th, 34-year-old security engineer Shakeeb Ahmed was accused of telecommunication fraud and money laundering. The US Southern District of New York Prosecutor's Office had previously stated that Ahmed defrauded an unnamed decentralized cryptocurrency trading platform and stole approximately $9 million in cryptocurrency.