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    Home » News » Nirvana Finance Founder Talks About His ‘Worst Day Ever’
    Nirvana Finance
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    Nirvana Finance Founder Talks About His ‘Worst Day Ever’

    Scott DawsonBy Scott DawsonJune 3, 2024No Comments2 Mins Read
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    A well-known media company talks to the once-unknown founder of Nirvana Finance, disclosing how one random message on Telegram led into the hands of hackers who stole $3.5 million from the protocol.

    The moment Alex Hoffman, the leader of an ecosystem at Superposition Finance, Nirvana Finance, a decentralized finance yield protocol (DeFi), was founded by a nameless founder. The past two years were struck by a $3.5 million flash loan.

     Instantly, he is ready to connect his name to the unknown founder’s title and the story of the “Horrible Day” of his life, Which starts when he wakes up one morning and approaches that each fund in Nirvana Finance has disappeared. When we started an audit, we all woke up, and it seemed it would be hacked.

    On the morning of July 28, 2022, Hoffman re-announced to Cointelegraph in a special interview,  

     “You learn who your friends are when this happens and all those who aren’t.”

    The research on the Nirvana Finance hacker has continued for 17 months. It was not available until December 2023, after a long investigation involving blockchain investigators and Software engineer Shakeeb Ahmed admitted hacking Nirvana Finance to a number of enforcement agencies. On April 12, he was punished with a three-year prison sentence.

    Random Telegram message from Homeland Security

    Although it was a good opportunity to receive a Telegram message from an officer at the United States Department of Homeland Security, those who trusted him had a perfect lead on the exploit, linking it to the same hacker behind a more recent exploit. However, a wonderful turning point for the investigation.

    He wants to see if a team would cooperate in helping them build the case, so Hofman describes it.

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    Scott Dawson
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    Scott, a Scottish financial expert based in Glasgow, specializes in wealth management and equity investing. He writes full-time for various financial websites, including Btcpronews, and offers startup consulting to small businesses seeking funding. With a Bachelor’s degree in Finance from the University of Strathclyde and a Master’s degree in Investment Fund Management from the University of Glasgow, Scott possesses extensive knowledge in investing. He has authored two theses on mutual funds and the UK market.

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