News View Non-AMP

Crypto News: US Law Enforcement Recovers $31 Million from 2021 Uranium Finance Hack

Published by
Anjali Belgaumkar

US authorities have seized approximately $31 million in cryptocurrency linked to the 2021 hack of Uranium Finance, a decentralized finance (DeFi) platform. The seizure, announced on Monday by the Southern District of New York (SDNY), follows a joint operation with Homeland Security Investigations (HSI) in San Diego.

In April 2021, a hacker exploited a vulnerability in Uranium Finance’s automated market maker (AMM) on the Binance Smart Chain, stealing around $50 million in various tokens. The incident was one of the largest hacks in DeFi history.

Following the hack, the attacker tried to launder the stolen funds using methods such as crypto mixing services and small deposits on centralized exchanges. In an unexpected turn, blockchain researcher Zack XBT even suggested that the hacker may have used some of the stolen funds to purchase rare Magic: The Gathering trading cards.

The hack ultimately led to the shutdown of Uranium Finance, leaving victims without restitution. However, the recent seizure of the $31 million offers a potential recovery for those affected, nearly four years after the attack. While further details on the investigation have not been provided, this marks a major development in the case.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Ethereum (ETH) Price Analysis: Is $2,850 the Next Pitstop?

While the crypto market today has been ranging sideways, Ethereum has made decent moves both…

June 3, 2025

Solana Foundation Partners with Dubai’s VARA to Boost Blockchain Growth

The Solana Foundation has signed a Memorandum of Understanding (MOU) with Dubai’s Virtual Assets Regulatory…

June 3, 2025

Ripple’s RLUSD Stablecoin Gets Key Approval in Dubai

Ripple’s stablecoin, RLUSD, has received approval from the Dubai Financial Services Authority (DFSA) for use…

June 3, 2025

Pi Network Users Unite Against Binance Listing, Say It Shouldn’t Happen

An account dedicated to posting news and updates about Pi Network recently ran a poll…

June 3, 2025

Best Crypto to Buy Now: Altcoin Season Heats Up with Ethereum Leading the Charge

Ethereum posts first monthly positive returns in 2025 following whale and ETF buying pressure, surging…

June 3, 2025

XRP News: Nasdaq Firm VivoPower to Launch $100M XRP Strategy

XRP has changed the tone of big institutions who thought Bitcoin is the only assets…

June 3, 2025