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Rockville man found guilty of hacking crypto exchange, stealing more than $50 million – WTOP News

Rockville man found guilty of hacking crypto exchange, stealing more than $50 million – WTOP News

A Rockville, Maryland, man was convicted by a jury for stealing $50 million from a cryptocurrency exchange by exploiting vulnerabilities in its code.

Jonathan Spalletta, 36, was found guilty this week of computer fraud and money laundering after a six-day trial in New York.

Spalletta hacked Uranium Finance on two separate occasions in April 2021, prosecutors said. The first time, he used a bug to withdraw $1.4 million in cryptocurrency.

The second time, he exploited an error to pull $53.3 million from Uranium’s liquidity pools. The exchange had to shut down due to lack of funds.

Evidence presented at trial included a…

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