Maryland Man Convicted in $53M Uranium Crypto Heist

A Maryland man has been convicted of hacking the decentralized crypto exchange Uranium Finance twice in April 2021, stealing over $53 million. The defendant, who used online aliases, exploited flaws in the exchange’s smart contract code and transaction-verification logic to drain funds. He then laundered the stolen cryptocurrency through Tornado Cash and decentralized exchanges. Law enforcement seized collectibles worth millions, including rare trading cards and ancient coins, from his residence and recovered about $31 million in cryptocurrency. The hacker now faces up to 20 years in prison for his crimes.