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Uranium Finance hack: Maryland man charged in $50M

HomeTechnologyUranium Finance hack: Maryland man charged in $50M

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Jonathan Spalletta, 36, of Rockville, Maryland, was charged following the Uranium Finance hack, an exploit in 2021 that authorities say drained more than $50 million from the decentralized finance protocol. An indictment unsealed in the Southern District of New York ties Spalletta to those exploits and cites a February 2025 seizure of approximately $31 million in cryptocurrency linked to the case. Prosecutors charged Spalletta with one count of computer fraud and one count of money laundering.

Jonathan Spalletta, from Rockville, Maryland, has been charged with one count of computer fraud and one count of money laundering. These charges were announced in an indictment unsealed by the Southern District of New York. The legal proceedings relate to Spalletta’s involvement in the Uranium Finance hack that occurred in 2021. He allegedly utilized manipulated transactions to illicitly benefit from Uranium’s rewards mechanism. Following the unsealing of the indictment, Spalletta surrendered to authorities and is slated to appear before a U.S. magistrate judge in Manhattan.

Prosecutors allege Jonathan Spalletta exploited Uranium Finance’s rewards mechanism on April 8, 2021, initially draining about $1.4 million. The indictment states he retained approximately $386,000 and described the remainder of the funds as a sham ‘bug bounty.’ Authorities allege Spalletta laundered proceeds from the exploit through Tornado Cash and other transactions. Those allegations are part of the criminal case unsealed by the Southern District of New York.

Records cited in the indictment allege Spalletta used stolen funds to buy collectibles and other items, including a Black Lotus Magic: The Gathering card for about $500,000 and 18 Alpha booster packs for about $1.5 million. The filings also allege purchases of first-edition Pokémon card sets worth over $1 million and a Roman Eid Mar coin for about $601,500. The indictment frames these purchases as transactions tied to the laundering of proceeds from the Uranium Finance exploit. The allegations are contained in the unsealed charging documents.

Jonathan Spalletta faces criminal charges of computer fraud and money laundering tied to the Uranium Finance hack, as alleged in an indictment unsealed by the Southern District of New York. The charging documents assert he exploited the protocol, retained funds, laundered proceeds through services including Tornado Cash, and used proceeds for collectibles and other purchases. He surrendered to authorities and is scheduled to appear before a U.S. magistrate judge in Manhattan as the legal process proceeds.

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Crypto Fanhttps://calipsu.com
Calipsu.com is dedicated to providing clear, reliable, and accessible information about cryptocurrencies, blockchain technology, and decentralized finance (DeFi). Its mission is to help readers better understand a rapidly evolving ecosystem that is often complex, technical, and misunderstood. The platform covers a wide range of topics, from major blockchain networks and crypto assets to DeFi protocols, Web3 applications, and emerging trends. The website also publishes practical guides and tutorials that explain how decentralized tools function, such as wallets, staking mechanisms, lending protocols, and liquidity pools. These guides aim to describe processes and risks clearly, helping readers understand the mechanics behind DeFi rather than encouraging participation.

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