Uranium Finance Hacker Convicted for $50M Theft
- Jonathan Spalletta was convicted of computer fraud and money laundering by a Manhattan jury.
- He stole over $50 million from Uranium Finance in two hacks during April 2021.
- Spalletta laundered the stolen funds through Tornado Cash and spent them on collectibles like Magic cards.
- Authorities seized cryptocurrency worth about $31 million in February 2025.
Jonathan Spalletta exploited vulnerabilities in Uranium Finance’s smart contracts to execute two significant hacks, leading to his conviction on multiple charges. The theft resulted in substantial financial losses and the eventual shutdown of the platform.
The case highlights the risks associated with decentralized finance platforms and emphasizes the importance of robust security measures to protect against similar exploits in the future. (Source)
