The U.S. government has just recovered over 76 ETH related to the Uranium Finance hack in 2021 from a Coinbase wallet, marking a significant step in the recovery of stolen cryptocurrency assets.
This event demonstrates the application of legal and blockchain tracing tools in the fight against financial crime as well as towards a more transparent and safer cryptocurrency market.
MAIN CONTENT
76.56 ETH worth approximately 7.7 billion VND was recovered from Coinbase, related to the Uranium Finance hack in 2021.
Legal tools and blockchain tracing techniques effectively help identify and seize stolen assets.
This action reinforces the trend of improving the legal framework and transparency for the cryptocurrency market in the U.S.
Does the Uranium Finance hack still have widespread effects today?
Uranium Finance was hacked in April 2021, causing millions of USD in cryptocurrency losses. By early 2025, the U.S. had seized assets worth 31 million USD related to this case, demonstrating the ongoing efforts to recover assets for many years.
This event shows the immutable nature of transactions on the blockchain. Even if hackers transfer through multiple wallets to hide, the transaction history remains permanently recorded, facilitating the investigation of tracing origins.
How do authorities monitor cryptocurrency?
The ability to recover stolen assets is based on advanced blockchain forensic tools, through which experts can analyze complex transaction chains across multiple wallets and exchanges to identify related transaction clusters and determine who is actually behind them.
This technique is widely applied in investigating cryptocurrency financial crimes, helping clarify and recover illegal assets from digital transaction trails.
What is Coinbase's role in asset recovery?
Coinbase, a platform with strict legal regulations in the U.S., complied with a court order to transfer the seized 76.56 ETH to a wallet controlled by the government. This action reinforces the position of exchanges as strategic partners of law enforcement agencies in combating illegal activities.
Coinbase's collaboration with authorities shows that 'cryptocurrency is no longer a lawless land,' a crucial step in enhancing financial security for the industry.
Quoted by cryptocurrency legal experts, 2025
The message to hackers is that stolen money is not easy to escape from the law as before, due to the close coordination of technology and regulatory institutions.
What does this mean for the future of cryptocurrency?
The successful recovery of Ethereum linked to Uranium Finance demonstrates that the cryptocurrency market is maturing and becoming more transparent. This both protects investors and encourages the adoption of new regulations like the GENIUS Act to enhance safety and minimize risks.
The law will require token issuers to ensure safe collateral, such as U.S. treasury bonds, to enhance transparency and reduce the risk of stablecoin abuse in illegal activities.
Such a holistic approach is laying the foundation for a sustainable, reliable cryptocurrency ecosystem, while helping the U.S. dollar maintain its central position in future digital finance.
Frequently Asked Questions
1. What does the recovery of Ethereum from the hack mean for investors?
This proves that stolen cryptocurrency assets can still be traced and recovered, enhancing safety for investors.
2. How do authorities determine the source of the stolen money?
Thanks to blockchain forensic tools that analyze transaction chains, tracking the flow of money across multiple wallets and exchanges to find traces.
3. How has Coinbase coordinated with the U.S. government in this case?
Coinbase complied with the legal order to transfer the seized funds to a government-controlled wallet, supporting the legal asset recovery efforts.
4. How does the GENIUS Act affect the cryptocurrency market?
This is a bill aimed at enhancing transparency and protecting users by requiring safe collateral for issued tokens.
5. Does blockchain help prevent future hacks?
Blockchain permanently records transactions, making the investigation and handling of criminal activities more effective, even though it cannot completely prevent hacks.
Source: https://tintucbitcoin.com/ethereum-bi-my-thu-giu-332k-usd/
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