US Charges Man Accused of $54M Uranium Finance Hacks

US authorities have taken action against a Maryland resident accused of orchestrating two high-profile hacks against Uranium Finance, a decentralized finance platform that suffered significant losses in 2021.

The US Attorney's Office for the Southern District of New York has charged Jonathan Spalletta with one count of computer fraud and one count of money laundering, both of which carry potential sentences of several years in prison. The alleged hacker is accused of exploiting smart contracts to steal over $54 million from Uranium Finance, which was forced to shut down due to a lack of funds.

According to prosecutors, Spalletta used the stolen funds to purchase various collectibles, including Pokémon cards and antique Roman coins. These items were seized during a search of his residence.