A Maryland man has been charged with allegedly stealing greater than $53 million from a decentralized cryptocurrency trade and laundering the proceeds by means of Twister Money, in keeping with the U.S. Lawyer’s Workplace for the Southern District of New York.
U.S. Lawyer Jay Clayton says that Jonathan Spalletta, also referred to as “Cthulhon” and “Jspalletta,” faces costs of laptop fraud and cash laundering tied to 2 2021 hacks of Uranium Finance.
Prosecutors allege that in April 2021, Spalletta exploited vulnerabilities in Uranium’s good contracts.
Within the first incident, he allegedly manipulated reward mechanisms to extract about $1.4 million in crypto.
Within the second, he’s accused of exploiting one other flaw throughout 26 liquidity swimming pools, stealing roughly $53.3 million and inflicting the platform to close down.
Authorities say Spalletta later laundered the stolen funds by means of complicated transactions, together with the usage of Twister Money.
“As alleged, Jonathan Spalletta repeatedly hacked good contracts to steal hundreds of thousands of {dollars}’ value of different individuals’s cash,” Clayton stated, including that the scheme resulted in “actual losses of tens of hundreds of thousands of {dollars}.”
Prosecutors additionally allege that Spalletta used the funds to buy high-value collectibles, together with uncommon buying and selling playing cards and historic cash.
In February 2025, legislation enforcement seized roughly $31 million in cryptocurrency tied to the case.
Spalletta, 36, faces as much as 10 years in jail for laptop fraud and as much as 20 years for cash laundering.
Authorities famous that the fees are allegations and he’s presumed harmless until confirmed responsible.
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