US Law Enforcement Recovers $31 Million from 2021 Uranium Finance Hack
U.S. authorities have seized approximately $31 million in cryptocurrency, linked to the 2021 Uranium Financial Corporation (DEFI) Platform (DEFI) platform. The seizure announced by the Southern New York Region (SDNY) on Monday follows a joint San Diego operation with Homeland Security Investigation (HSI).
In April 2021, a hacker took advantage of the vulnerability of a market maker (AMM) that automates uranium finance to steal $50 million of various tokens on Binance Smart Chain. This incident is one of the biggest hackers in Defi history.
After the attack, the attacker tried to launder money using methods such as cryptocurrency mixing services and small deposits in centralized exchanges. In an unexpected turn, blockchain researcher Zack XBT even suggested hackers use some stolen funds to buy rare magic: party trading cards.
The hacker eventually led to a closure of uranium finance, leaving victims without returning. But the recent $31 million seizure nearly four years after the attacks have provided potential recovery for those affected. Although no further details about the investigation have been provided, this marks a significant development in the case.
