Uranium Finance hacker faces up to 20 years in prison for stealing $55 million

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Uranium Finance hacker Jonathan Spalletta faces up to 20 years in prison after stealing $55 million from the platform through attacks in 2021. A New York jury found him guilty of laundering funds via Tornado Cash and other mixers. Judge Jed Rakoff has set sentencing for February 16. Authorities seized $3.1 million in cryptocurrency, rare Pokémon cards, and Magic: The Gathering collectibles from his Maryland home. Spalletta spent $600,000 on a Roman coin and $137,000 on a Wright Brothers artifact. His defense argued that he used public smart contract functions, not malicious code. The case underscores the risks associated with real-world assets (RWA), as thefts from crypto platforms become increasingly common. Traders are monitoring new token listings for security updates following the incident.

[Uranium Finance Hacker Faces Up to 20 Years in Prison After Stealing Nearly $55 Million] Gold财经 reports that cybersecurity consultant Jonathan Spalletta was found guilty by a New York jury of stealing nearly $55 million from the crypto trading platform Uranium Finance. Prosecutors alleged he carried out two attacks in 2021, after which the platform shut down. The jury reached its verdict after more than two hours of deliberation. Spalletta faces up to 20 years in prison for money laundering charges related to his use of crypto mixing services such as Tornado Cash. U.S. District Judge Jed Rakoff has scheduled sentencing for February 16. Law enforcement seized over $3 million worth of rare Pokémon and Magic: The Gathering cards, as well as approximately $31 million in crypto assets, from his residence in Maryland. Prosecutors stated he also spent over $600,000 to purchase an ancient Roman coin commemorating Caesar’s assassination and $137,000 to acquire an original component of the Wright brothers’ first aircraft, previously taken to the moon by Armstrong. Spalletta’s defense attorney argued that he merely used publicly available functions within smart contracts, without forging credentials or deploying malicious code, and therefore did not commit hacking.

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