Consultant convicted over $55 million Uranium Finance exploit
CIE News ·
Jonathan Spalletta was convicted in U.S. federal court for draining nearly $55 million from Uranium Finance, with authorities previously recovering $31 million in illicit funds.
A federal court convicted cybersecurity consultant Jonathan Spalletta on computer fraud and money laundering charges for stealing nearly $55 million from Uranium Finance. According to justice.gov, Spalletta drained the protocol's smart contracts and laundered the proceeds by purchasing rare collectibles, including a $500,000 Black Lotus card and $1.51 million in Alpha Booster packs. Authorities previously seized $31 million of the illicit funds from him.