According to the New York Southern District (SDNY) Monday X Post, US authorities seized about $31 million in code tied to the 2021 uranium finance hack.
According to the post, the attack was the result of a joint effort between San Diego’s SDNY and the Homeland Security Survey (HSI). An SDNY spokesman did not reply to Koindsk’s request for comment prior to the press conference, and details about the seizures and related investigations were not immediately available.
Uranium Finance was essentially a clone of Automatic Market Maker (AMM) UNISWAP, deployed on Binance’s BNB chain (then called Binance Smart Chain). In April 2021, hackers exploited a bug in their uranium pair contract to steal $50 million with various tokens. At the time of the incident, the uranium finance hack was one of the biggest financial exploitations in the history of decentralized finance (DEFI).
After the exploit, the hackers tried to wash some of their funds in various ways, using tornado cash in crypto mixers, depositing small amounts of code into central exchanges, and, according to Blockchain-Through ZACHXBT, to buy some of the funds, perhaps by buying rare and invaluable magic.
Uranium Finance was shut down after the hack, leaving the victims with answers and financial recovery. The partial recovery that comes almost four years after the initial attack provides a faint glow of initial hope for victims to see a portion of their money being returned.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
