Jonathan Spalletta convicted in Uranium Finance cryptocurrency theft case

  • Jonathan Spalletta was convicted of computer fraud and money laundering over Uranium Finance attacks.
  • Spalletta took about $53.3 million from 26 liquidity pools on April 28, 2021.
  • Authorities seized about $31 million in cryptocurrency tied to the Uranium Finance exploit in February 2025.

Jonathan Spalletta, 36, of Rockville, Maryland, was convicted of computer fraud and money laundering for two April 2021 attacks on decentralized exchange Uranium Finance that drained more than $50 million. A Manhattan federal jury found him guilty on every count after a six-day trial before U.S. District Judge Jed S. Rakoff and roughly two hours of deliberations. Prosecutors said Spalletta used looping transactions to take about $1.4 million from a rewards pool on April 8, then exploited a withdrawal flaw across 26 liquidity pools on April 28 to take about $53.3 million, leaving Uranium Finance unable to continue operating. He returned most of the first haul while retaining roughly $386,000 as a purported bug bounty that prosecutors called a sham. The conviction comes amid debate over whether conduct technically permitted by smart-contract code can constitute fraud: a judge suspended Mango Markets exploiter Avraham Eisenberg's fraud convictions in May 2025, and prosecutors are appealing that ruling. Authorities seized about $31 million in cryptocurrency tied to the Uranium exploit in February 2025. Prosecutors said Spalletta used proceeds to buy high-value trading cards, a Roman Eid Mar coin and a piece of Wright brothers airplane fabric carried to the Moon by Neil Armstrong.

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