Crypto News/Finance
U.S. Authorities Recover $31 Million in Cryptocurrency Linked to Uranium Finance Breach
U.S. law enforcement has successfully seized $31 million in cryptocurrency tied to a significant hack of Uranium Finance that occurred in 2021, providing a glimmer of hope for victims.
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U.S. authorities have seized about $31 million in cryptocurrency linked to the 2021 Uranium Finance hack, as announced by the Southern District of New York (SDNY) in a recent post on X (formerly Twitter).
Key Details:
- SDNY and Homeland Security Investigations (HSI) in San Diego collaborated to recover the funds tied to the 2021 breach of the decentralized finance (DeFi) platform.
- During the attack in 2021, hackers exploited a vulnerability in the platform’s contract pairs, leading to a theft of approximately $50 million.
- Following the incident, Uranium Finance ceased operations, leaving many victims without recourse for their lost assets.
The recovery of these funds marks a significant development in the ongoing investigation, providing some hope for those affected by the exploit nearly four years later.
