Crypto Comeback: U.S. Authorities Recover $31 Million from Uranium Finance Heist
U.S. authorities have recovered $31 million in cryptocurrency stolen from Uranium Finance, a Binance Smart Chain-based DeFi protocol, in 2021. Thanks to TRM Labs and law enforcement, this cyber-heist drama rivals any Hollywood thriller, minus the popcorn. Victims can finally recoup some losses by contacting [email protected].
Hot Take:
Looks like the crypto bandits finally lost their digital horse race. It’s not every day that you get to see the Wild West of DeFi turn into a courtroom drama worthy of a Hollywood blockbuster. Hats off to the cyber sleuths who managed to recover the treasure from the dark alleys of the blockchain!
Key Points:
- Uranium Finance was a DeFi protocol on Binance’s BNB Chain, similar to Uniswap.
- Hackers exploited vulnerabilities in Uranium Finance’s smart contracts in April 2021.
- U.S. authorities, with TRM Labs’ help, recovered $31 million of the stolen funds.
- Funds were laundered through Tornado Cash and other decentralized exchanges.
- Recovery operation involved mapping cross-chain transactions to seize assets.
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