Maryland man charged in $54 million Uranium Finance hacks faces up to 30 years
A Maryland man, Jonathan Spalletta, was charged for two hacks of Uranium Finance totaling $54.7 million.Summary
Jonathan Spalletta, a 36-year-old Maryland man, has been charged by federal prosecutors for conducting two hacks against the decentralized crypto exchange Uranium Finance starting in 2021, resulting in losses of about $54.7 million. Spalletta faces one count of computer fraud (up to 10 years) and one count of money laundering (up to 20 years). The first hack in April 2021 netted $1.4 million through deceptive transactions, and a subsequent hack weeks later exploited another smart contract error to steal $53.3 million, causing the exchange to shut down. Prosecutors noted that Spalletta allegedly laundered the funds to purchase rare trading cards and a piece of fabric from the Wright brothers' airplane. U.S. Attorney Jay Clayton emphasized that stealing from a crypto exchange is still stealing, despite Spalletta's alleged claim that "Crypto is just fake internet money anyway."
(Source：The Block)