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Hacker stripped more than $50 million from Uranium crypto exchange, spent it on trading cards

  • What: A hacker stole over $50 million from Uranium crypto exchange.
  • Impact: Users of Uranium may have lost funds.
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US prosecutors have charged a Maryland man in connection with two hacks of the Uranium Finance cryptocurrency exchange that led to losses exceeding $50 million. Jonathan Spalletta, also known as “Cthulhon” and “Jspalletta,” is accused of abusing vulnerabilities in Uranium Finance smart contracts to siphon assets from the platform. If convicted, he could face up to 10 years in prison for computer fraud and 20 years for money laundering. “As alleged, Jonathan Spalletta repeatedly hacked … More → The post Hacker stripped more than $50 million from Uranium crypto exchange, spent it on trading cards appeared first on Help Net Security .

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