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Uranium Finance

avoid.net/uranium-finance4/100·95% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
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Summary

Uranium Finance was a Binance Smart Chain-based automated market maker (AMM) that was exploited twice in April 2021, resulting in total losses of approximately $54.7 million. The larger exploit on April 28, 2021, drained roughly $53.3 million across 26 liquidity pools due to a mathematical error in its forked Uniswap v2 pair contracts; the protocol subsequently shut down permanently. In March 2026, U.S. authorities indicted Jonathan Spalletta, a Maryland resident, on computer fraud and money laundering charges in connection with both attacks, after previously seizing approximately $31 million in cryptocurrency in February 2025.

Connected Entities

1 entities
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Uranium Finance
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    Community submissions

    Timeline(9 events)

    2021-03-01

    Uranium Finance Twitter account created, approximately one month before the major exploit. Protocol rapidly accumulates over $50 million in TVL.

    2021-04-08

    First exploit: Jonathan Spalletta allegedly drains approximately $1.4 million by abusing the AmountWithBonus variable in Uranium's rewards contract. Attacker later returns most funds but retains ~$386,000 as a purported bug bounty, which prosecutors would later call a sham.

    2021-04-28

    Second exploit: A mathematical error in the UraniumPair v2 swap function (1,000 vs. 10,000 constant mismatch) is exploited across 26 liquidity pools, draining approximately $53.3 million (~$57.2 million at peak valuation) about two hours before a scheduled v2.1 patch migration.

    2021-04-28

    Post-exploit: Uranium Finance removes its GitHub repository and takes down its website. Stolen funds begin moving through Tornado Cash and AnySwap bridge.

    2021-04-29

    Rekt News publishes analysis of the exploit, flagging suspicious timing and the GitHub deletion, and questioning whether the bug may have been intentionally introduced.

    2021-05-01

    Immunefi publishes a proof-of-concept analysis of the exploit mechanics, confirming the 100x constant mismatch vulnerability.

    2023-01-01

    ZachXBT publishes tracing of stolen Uranium Finance funds, identifying suspected conversion through rare Magic: The Gathering card purchases as a laundering vector.

    2025-02-24

    U.S. authorities (SDNY and HSI San Diego) seize approximately $31 million in cryptocurrency linked to the 2021 Uranium Finance exploits. This marks the first public linkage of an individual to the case.

    2026-03-31

    Jonathan Spalletta, 36, of Rockville, Maryland (aliases: 'Cthulhon', 'Jspalletta'), is indicted by federal prosecutors in Manhattan and surrenders to authorities. He faces one count of computer fraud (max 10 years) and one count of money laundering (max 20 years).

    Provenance & Audit Trail

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:58 AM

    last updated: 5/22/2026, 4:05:28 AM

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