A Maryland man has been charged over the 2021 Uranium Finance hack that drained $50 million from the DeFi platform. Jonathan Spalletta faces computer fraud and money laundering charges after U.S. authorities seized $31 million in crypto linked to the exploit.
The attack emptied key liquidity pools tied to BNB and BUSD, forcing Uranium Finance to shut down. Prosecutors say Spalletta first drained $1.4 million, later negotiating a fake "bug bounty" to keep $386,000. He allegedly laundered the funds through Tornado Cash before spending millions on rare collectibles, including a $500K Black Lotus card and a $1.5 million Pokémon set.
This case shows U.S. authorities are still pursuing old DeFi hacks, and the seizure of $31 million signals they're serious about recovering stolen funds. For the market, it's a reminder that even years-old exploits can lead to arrests and asset recovery, which could deter future attacks on DeFi platforms.
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