Hacker Drains $54M from DeFi Platform, Faces Charges
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Jonathan Spalletta, a Maryland man, was charged by US authorities for hacking DeFi platform Uranium Finance in April 2021, resulting in over $54 million stolen. He exploited smart contract flaws and withdrawal limits, leading to the platforms shutdown. Spalletta spent the stolen funds on luxury items, including Pokémon cards and Roman coins. He faces up to 30 years in prison for computer fraud and money laundering.
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