US prosecutors have charged a Maryland man in connection with two hacks of the Uranium Finance cryptocurrency exchange that led to losses exceeding $50 million.

Jonathan Spalletta, also known as “Cthulhon” and “Jspalletta,” is accused of abusing vulnerabilities in Uranium Finance smart contracts to siphon assets from the platform. If convicted, he could face up to 10 years in prison for computer fraud and 20 years for money laundering.

“As alleged, Jonathan Spalletta repeatedly hacked smart contracts to steal millions of dollars’ worth of other people’s money and destroyed a cryptocurrency exchange in the process,” said U.S. Attorney Jay Clayton. “In describing his alleged ‘heist,’ Spalletta told another…