US authorities took about $ 31 million in crypto tied to the 2021 hack of Uranium Finance, according to a Monday X post from the Southern District of New York (SDNY).
According to the post, the seizure was the result of a joint effort between SDNY and Homeland Security Investigations (HSI) in San Diego. A speaker for SDNY did not return to CoinDesk’s request for comment before the press time, and no further details about the seizure or any related investigation were immediately available.
Uranium Finance is essentially a clone of the automated market maker (AMM) uniswap that deployed to the BNB chain of Binance (then called Binance Smart Chain). In April 2021, a hacker took advantage of a bug with Uranium pair contracts to steal $ 50 million in various tokens. At the time of the incident, the hack of the Uranium Finance Hack was one of the largest financial exploitation in decentralized financial history (DEFI).
Read more: Binance Chain Defi Exchange Uranium Finance has lost $ 50m in exploitation
After the exploitation, the hacker launder attempted a portion of funds in a variety of ways, including the use of Crypto Mixer Tornado Cash, depositing small amounts of crypto to centralized exchanges, and, according to Blockchain Sleuth Zachxbt, Perhaps by buying rare and highly essential magic: the gathering of recruitment cards.
Uranium finances were closed after the hack, leaving the victims without financial answers or payments. The slight recovery, which will come nearly four years after the initial attack, offers the first glimmer of hope for the victims to see some of their money.
