Site iconSite icon ForkLog

US Authorities Seize $31 Million in Crypto Linked to Uranium Finance Hack

US Authorities Seize $31 Million in Crypto Linked to Uranium Finance Hack

The Southern District of New York’s Attorney’s Office has seized cryptocurrencies worth approximately $31 million. These assets are connected to the April 2021 hack of Uranium Finance.

The operation also involved officials from the U.S. Department of Homeland Security in San Diego.

The Binance Smart Chain-based automated market maker protocol was attacked during its migration to a new version. Due to a vulnerability, the perpetrator was able to exchange one token for 98% of the liquidity pool’s balance.

The damage from the incident was estimated at approximately $50 million.

The last post from the Uranium Finance team on X was dated April 30, 2021. In the message, the developers urged users to withdraw all assets from the protocol.

Law enforcement has urged victims of the hack to contact them, likely regarding compensation from the seized funds.

“Four years, there are my $2000,” wrote one user.

During this time, the hacker repeatedly used the Tornado Cash mixer to launder the stolen cryptocurrency.

In February, the Bybit exchange lost $1.46 billion in a hack. The incident became the largest in the industry by the amount lost.

Experts linked the attack to the North Korean hacker group Lazarus Group.

Exit mobile version