Alleged Uranium Finance Hacker Faces 30 Years Over Crypto Theft
A Maryland man was charged with pc fraud and cash laundering in connection along with his 2021 hacks of the decentralized cryptocurrency alternate Uranium Finance. The accused reportedly stole over $50 million in cryptocurrency throughout the 2 exploits.
According to the press launch, Jonathan (*30*), 36, of Rockville, Maryland, allegedly “engaged in a misleading collection of transactions with Uranium’s sensible contract” on April 8, 2021.
This allowed him to withdraw way more cryptocurrency rewards than authorized. He reportedly drained roughly $1.4 million from the primary hack. (*30*) advised a person:
“I did a crypto heist of $1.5MM a few weeks in the past . . . There was a bug in a wise contract, and I exploited it . . . Crypto is all pretend web cash anyway.”
After this, (*30*) allegedly extorted the alternate into letting him preserve about $386,000 as a pretend “bug bounty” to avoid prosecution.
On April 28, he exploited an error within the platform’s sensible contract that ruled the restrict on the quantity of crypto a person may withdraw from a pool.
That exploit hit 26 separate liquidity swimming pools, netting roughly $53.3 million in numerous cryptocurrencies. Uranium Finance ceased operations because of the catastrophic loss.
“As alleged, Jonathan (*30*) repeatedly hacked sensible contracts to steal hundreds of thousands of {dollars}’ price of different folks’s cash for himself, and destroyed a cryptocurrency alternate within the course of,” said US Attorney Jay Clayton.
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According to prosecutors, he laundered the stolen funds by means of a fancy collection of cryptocurrency transactions. He additionally used crypto mixer Tornado Cash, then went on a spending spree on uncommon collectibles and vintage cash.
Federal brokers seized roughly $31 million in cryptocurrency from (*30*) in February 2025. (*30*) surrendered Monday and faces as much as 30 years in jail. The case is being prosecuted by the Complex Frauds and Cybercrime Unit.
“SPALLETTA, 36, of Rockville, Maryland, is charged with one rely of pc fraud, which carries a most sentence of 10 years in jail; and one rely of cash laundering, which carries a most sentence of 20 years in jail,” the press launch reads.
The fees come as exploits stay a persistent risk. Crypto-related theft exceeded $4 billion in 2025, a 34% annual improve, according to PeckShield. Smart contract vulnerabilities accounted for a major share of these losses.
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