U.S. authorities recently seized $31M in cryptocurrency related to the major hack of Uranium Finance in 2021.
The Seizure and Cooperation
The operation involved the U.S. Attorney’s Office for the Southern District of New York and Homeland Security Investigations in San Diego. Although the hackers' identities have not been revealed, authorities encourage victims to come forward.
Uranium Finance Hack
Uranium Finance, based on Binance Smart Chain, was hacked on April 28, 2021. Exploiting vulnerabilities in its version 2 smart contract code, hackers siphoned off $50 million including Binance Coin, Binance USD, as well as other cryptocurrencies like Bitcoin, Ether, and Polkadot.
Consequences and Further Actions
After the exploit, Uranium Finance ceased operations and its website was taken down. In October 2023, a significant transfer of stolen cryptocurrency prompted renewed investigations. Efforts continue to identify those responsible and recover assets for victims.
The $31 million seizure marks a significant step towards justice for those affected by the Uranium Finance hack. While the hackers' identities remain unknown, investigations are ongoing.
