Uranium Finance Hacker Found Guilty of $53.3M Crypto Theft

Hacker Convicted in $53.3M Uranium Finance Exploit

Jonathan Spalletta, a cybersecurity consultant, was found guilty Wednesday by a Manhattan federal jury on charges of computer fraud and money laundering stemming from the 2021 hack of Uranium Finance. The jury reached a verdict after beginning deliberations Tuesday afternoon, according to reporting from Inner City Press.

Prosecutors alleged that Spalletta drained approximately $53.3 million from the Uranium Finance protocol. Following the exploit, he is accused of laundering millions of dollars in stolen funds through Tornado Cash, a cryptocurrency mixer. Court documents indicate a significant portion of the illicit gains were used to purchase Pokemon cards.

The conviction highlights ongoing law enforcement efforts to prosecute individuals involved in major cryptocurrency thefts. The case also underscores the challenges of tracing and recovering funds laundered through privacy-focused tools like Tornado Cash. Sentencing for Spalletta has not yet been scheduled.

Source: Bitcoin.com News