Uranium Finance theft case: consultant convicted over nearly $55 million crypto heist, could face 20 years
AI Market Summary
A New York jury convicted Uranium Finance attacker Jonathan Spalletta for stealing nearly $55M, with money-laundering charges tied to use of mixing services like Tornado Cash and sizeable crypto seizures. The case reinforces U.S. enforcement focus on illicit on-chain flows and mixers, raising compliance sensitivity for DeFi infrastructure. Near-term market impact is limited as it targets a defunct platform, but it adds incremental regulatory overhang to privacy tooling.
Impact level
● Low
Affected assets
BTC/USDT-2.62%
AI Insight · BTC/USDTAI Insight
● Neutral
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A New York jury has found cybersecurity consultant Jonathan Spalletta guilty of stealing nearly $55 million from crypto trading platform Uranium Finance, according to Gold财经. Prosecutors said Spalletta carried out two attacks in 2021, after which the platform ceased operations. The verdict came after more than two hours of jury deliberations.
Spalletta now faces up to 20 years in prison on money-laundering charges tied to his alleged use of crypto mixing services, including Tornado Cash. U.S. District Judge Jed Rakoff set sentencing for February 16.
Authorities said they seized more than $3 million in rare Pokémon and Magic: The Gathering cards and roughly $31 million in crypto assets from Spalletta's Maryland residence. Prosecutors added that he spent over $600,000 on an ancient Roman coin commemorating Caesar's assassination and $137,000 on an original component from the Wright brothers' first aircraft, an artifact previously taken to the moon by Armstrong.
Spalletta's attorney argued he only used publicly available smart-contract functions, without forging credentials or deploying malicious code, and therefore did not commit hacking.
