New York Jury Convicts Uranium Finance Theft Suspect in $55M Case
Jonathan Spalletta was convicted in a case involving the 2021 theft of about $55 million from the now-shuttered protocol. Sentencing is scheduled for Feb. 16, 2027.
A New York jury convicted cybersecurity consultant Jonathan Spalletta in a case involving the theft of about $55 million from the decentralized finance protocol Uranium Finance in 2021.
Prosecutors accused Spalletta of exploiting the protocol twice and draining 26 liquidity pools. Uranium Finance later shut down. Prosecutors had previously estimated the alleged theft at about $53.3 million.
The conviction follows the opening of Spalletta’s federal trial, where prosecutors alleged that he moved cryptocurrency through Tornado Cash and used part of the proceeds to purchase collectibles.
Authorities seized about $31 million in cryptocurrency from Spalletta’s residence, along with more than $3 million worth of rare Pokémon and Magic: The Gathering cards.
Spalletta also spent more than $600,000 on ancient Roman coins, including coins commemorating Julius Caesar’s assassination.
He faces a maximum sentence of 20 years in prison. His sentencing is scheduled for Feb. 16, 2027.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.