UPDATE: Jonathan Spalletta convicted over $53.3M Uranium Finance exploit
CIE News ·
Jonathan Spalletta faces up to 20 years in prison after a federal jury rejected his 'code is law' defense in the $53.3 million draining of Uranium Finance.
A Manhattan federal jury convicted 36-year-old Jonathan Spalletta on October 7, 2026, of computer fraud and money laundering after damages were ruled at $53.3 million. As previously reported, Spalletta drained the decentralized exchange Uranium Finance and laundered the proceeds through purchases such as rare collectibles.
The attack unfolded in stages across April 2021, starting with a $1.4 million siphoning event followed by a $386,000 bug bounty extortion, according to report details. Spalletta subsequently exploited a mathematical calculation error across 26 liquidity pools on BNB Chain, leading to the complete collapse of the protocol.
The jury deliberated for a little over two hours before rejecting the defense's argument that code is law, cryptoticker.io reported. Spalletta faces a maximum sentence of 20 years in prison, with sentencing scheduled for February 16, 2027.