DeFi hacks are being looked into by TheJusticeDept following the arrest of an alleged fraudster who is said to have pilfered $9 million from a Solana-based DEX.
The attack involved exploiting a vulnerability in the exchange's smart contracts to generate inflated fees with flash loans.
While Williams did not disclose the DEX that was exploited in July, previous reporting from Cointelegraph reveals an Similarly, William’s statement also noted that Ahmed decided to return all of the stolen funds except for $1.5 million on condition the crypto exchange did not refer the attack to law enforcement.
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