Alleged $54M Uranium Finance hacker faces 30 years in prison
Prosecutors allege the stolen funds were used to purchase collectibles, including Pokémon cards, antique Roman coins and a piece of fabric from the Wright brothers’ plane.
US authorities have unsealed an indictment against the man accused of hacking Uranium Finance, a now-defunct decentralized finance platform that lost over $54 million across two exploits in 2021.
The US Attorney’s Office for the Southern District of New York on Monday accused Maryland resident Jonathan Spalletta of carrying out two separate hacks against Uranium Finance in April 2021. He also surrendered to authorities on Monday.
In a statement, US Attorney Jay Clayton said Spalletta exploited smart contracts to steal millions from Uranium Finance, causing the exchange to shut down due to a lack of funds.