Cybersecurity consultant convicted over $55 million Uranium Finance hack
A New York jury has convicted cybersecurity consultant Jonathan Spalletta on computer fraud and money laundering charges for draining approximately $55 million from Uranium Finance in 2021.
A Manhattan jury has convicted cybersecurity consultant Jonathan Spalletta on all counts of computer fraud and money laundering stemming from two 2021 exploits of decentralized exchange Uranium Finance, according to reports from CoinMarketCap and Bloomberg. Spalletta faces up to 20 years in prison after siphoning between $50 million and nearly $55 million from the platform.[6][8][3][7][2][1]
Prosecutors stated that Spalletta used crypto mixers, including Tornado Cash, to launder the stolen assets before spending millions on high-value collectibles. His purchases included rare Pokémon and Magic: The Gathering cards, an ancient Roman coin commemorating the assassination of Julius Caesar, and moon-flown fabric from the Wright brothers' Flyer.[8][2][3][5]
The conviction highlights ongoing vulnerabilities in DeFi systems as well as the protracted timeline required for legal recourse, Crypto Briefing reported, while underscoring the increasing efficacy of blockchain forensics in tracking illicit funds.[1][4]
Key facts
- A Manhattan jury found cybersecurity consultant Jonathan Spalletta guilty of computer fraud and money laundering.
- The conviction relates to two 2021 attacks on Uranium Finance that drained between $50 million and nearly $55 million in cryptocurrency.
- Spalletta faces up to 20 years in prison.
- Prosecutors stated Spalletta laundered the stolen assets through mixers, including Tornado Cash.
- Stolen funds were spent on collectibles, including rare Pokémon and Magic: The Gathering cards, an ancient Roman coin, and moon-flown Wright brothers fabric.
Sources · 7 sources
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Crypto BriefingArticle ·
Cybersecurity consultant found guilty of stealing $55M in crypto from Uranium Finance The conviction highlights the vulnerabilities in DeFi systems and underscores the effectiveness of blockchain forensics in tracing illicit activities. The post Cybersecurity consultant found guilty of stealing $55M in crypto from Uranium Finance appeared first on Crypto Briefing .
Open source - DE
DecryptArticle ·
Uranium Finance Hacker Who Bought Pokémon and Magic Cards Convicted Over $50M Theft Jonathan Spalletta also spent stolen crypto on a Roman coin marking Julius Caesar's assassination and moon-flown Wright brothers fabric.
Open source - BL
Bloomberg@businessPost on X ·
A cybersecurity consultant was found guilty of stealing nearly $55 million in cryptocurrency, some of which was spent to acquire rare Pokemon cards and other collectibles https://t.co/gVW4exLLN6
Open source - CB
Crypto BriefingArticle ·
Uranium Finance hacker convicted over DeFi exploits and laundering The conviction highlights the enduring vulnerability of DeFi platforms and the lengthy process of legal recourse, impacting user trust. The post Uranium Finance hacker convicted over DeFi exploits and laundering appeared first on Crypto Briefing .
Open source - BC
Bitcoin.com News@BitcoinNewsPost on X ·
Jury Convicts Uranium Finance Hacker Who Spent Crypto Loot on Pokemon Cards https://t.co/NPfsNqDTDG
Open source - CO
CoinMarketCap@CoinMarketCapPost on X ·
LATEST: ⚖️ A Manhattan jury convicted Jonathan Spalletta on all counts of computer fraud and money laundering over two 2021 exploits of Uranium Finance that drained more than $50M. https://t.co/s3To0CSUKJ
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇺🇸 REKT: A New York jury found Jonathan Spalletta guilty of stealing nearly $55 million from Uranium Finance in 2021, with some of the loot spent on rare Pokemon cards.
Open source - TB
The Block@TheBlockCoPost on X ·
NEW: A New York jury found cybersecurity consultant Jonathan Spalletta guilty of stealing nearly $55 million in cryptocurrency from the Uranium Finance exchange in two attacks in 2021, Bloomberg reports. He faces up to 20 years in prison. Prosecutors said Spalletta used crypto mixers, including Tornado Cash, to launder the funds and later spent millions on rare Pokémon and Magic: The Gathering cards, an ancient Roman coin and a piece of the Wright brothers' Flyer.
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