Maryland man convicted in $53 million Uranium hack
A Maryland resident was convicted for hacking Uranium Finance, a decentralized cryptocurrency platform, in two coordinated attacks during April 2021 that led to the theft of roughly $53 million in crypto assets. The attacker used flaws in Uranium’s smart contracts to drain the platform’s liquidity pools and laundered the proceeds using cryptocurrency mixing services. The theft prompted Uranium's immediate shutdown. Authorities later seized collectibles and recouped $31 million linked to the crime.
- Attack exploited two coding flaws in April 2021
- Approximately $53 million in crypto assets were stolen
- Stolen funds laundered via Tornado Cash and crypto exchanges
- Law enforcement recovered $31 million in assets
- Uranium Finance was forced to close as a result
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