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Alleged Uranium Finance Hacker Faces 30 Years Over Crypto Theft

BeInCrypto
A Maryland man, Jonathan Spalletta, faces up to 30 years for stealing over $50 million from Uranium Finance via two 2021 smart contract hacks.

Summary

Jonathan Spalletta, a 36-year-old man from Rockville, Maryland, has been charged with computer fraud and money laundering following his 2021 exploits against the decentralized exchange Uranium Finance. Spalletta allegedly executed two hacks: the first on April 8, 2021, stole $1.4 million, after which he extorted the exchange for $386,000 as a fake "bug bounty." The second, more significant exploit occurred on April 28, targeting 26 liquidity pools and netting approximately $53.3 million in various cryptocurrencies, leading to the exchange's collapse. Spalletta reportedly admitted to the heist, calling crypto "fake internet money," and laundered the stolen funds using mixers like Tornado Cash before purchasing collectibles. Federal agents seized $31 million in crypto in February 2025. Spalletta surrendered and faces a maximum of 30 years in prison: 10 for computer fraud and 20 for money laundering.

(Source:BeInCrypto)