Uranium crypto exchange hacker convicted of stealing $53 million

A Maryland man was found guilty of hacking decentralized crypto exchange Uranium Finance twice in April 2021, stealing roughly $53.3 million and forcing the platform to shut down. Jonathan Spalletta faces up to 10 years for computer fraud and up to 20 years for money laundering.

• First breach on April 8, 2021 netted about $1.4 million via a smart contract flaw
• Second hack took nearly $53.3 million, about 90% of the exchange's pool assets
• Stolen funds were laundered through Tornado Cash and decentralized exchanges
• Authorities seized about $31 million in crypto and millions in collectibles