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A American man was indicted for the Uranium Finance hack, involving $54 million, and faces up to 30 years in prison.
Jinse Finance reports that on March 31, U.S. prosecutors charged a man from the state of Maryland, Jonathan Spalletta, with allegedly carrying out multiple attacks on the decentralized exchange Uranium Finance starting in 2021. The amount involved is about $54 million, and he has already been formally indicted.
According to the indictment released by the U.S. Attorney’s Office for the Southern District of New York, Spalletta faces two counts: computer fraud and money laundering. If convicted, he could face up to 10 years and 20 years in prison, respectively, for a total maximum sentence of 30 years. The prosecution said Spalletta illegally withdrew more funds than he was entitled to by manipulating the transaction process of smart contracts to create false profits, ultimately causing the exchange severe damage and even collapse. In addition, the investigation indicated that he used part of the illegal proceeds to purchase collectibles, including a piece of fabric from a “Wright brothers” airplane that had been taken to the Moon by astronaut Neil Armstrong along with the Apollo 11 moon mission. The prosecution emphasized that crypto assets are also protected by law; “the so-called ‘cryptocurrency is just a virtual asset’ cannot be an excuse for theft.”