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U.S. Recovers $31 Million in Cryptocurrency from the 2021 Uranium Finance Attack
The attack on the DeFi platform Uranium Finance in 2021 allowed the perpetrators to exploit a vulnerability in the smart contract, stealing $50 million in assets. Recently, U.S. authorities made a breakthrough in recovering funds from cryptocurrency crime, seizing $31 million related to this hack.
Investigation and Recovery Process
The Southern District of New York Attorney's Office (#SDNY ) in coordination with the San Diego Homeland Security Investigations announced the successful recovery of these funds on Twitter on Monday. The attack took place on April 28, 2021, when the hacker exploited a vulnerability in Uranium Finance's smart contract to manipulate balances and withdraw $50 million in various cryptocurrencies.
Investigation and Recovery Process
The Southern District of New York Attorney's Office (#SDNY ) in coordination with the San Diego Homeland Security Investigations announced the successful recovery of these funds on Twitter on Monday. The attack took place on April 28, 2021, when the hacker exploited a vulnerability in Uranium Finance's smart contract to manipulate balances and withdraw $50 million in various cryptocurrencies.
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