---
title: "DOJ Convicts Hacker Over $50M Exploitation of Uranium Finance"
description: "A federal jury in New York found Jonathan Spalletta guilty on all counts for fraud and money laundering tied to the decentralized exchange breach."
url: https://basisdesk.news/news/jonathan-spalletta-convicted-uranium-finance-hack
published: 2026-10-07T17:58:26.721Z
modified: 2026-10-07T17:58:26.721Z
section: Security & Hacks
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: []
tags: [uranium-finance, doj, hack, crime, sdny]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# DOJ Convicts Hacker Over $50M Exploitation of Uranium Finance

A federal jury in New York found Jonathan Spalletta guilty on all counts for fraud and money laundering tied to the decentralized exchange breach.

## At a glance

- **What happened:** A federal jury convicted Jonathan Spalletta of computer fraud and money laundering over hacks of Uranium Finance that took over $50 million [1].
- **Why it matters:** The conviction resolves federal criminal charges against the hacker following a six-day jury trial in Manhattan federal court [1].
- **Who is affected:** Jonathan Spalletta and the decentralized exchange Uranium Finance [1].
- **What's next:** Sentencing before U.S. District Judge Jed S. Rakoff [1].
- **Status:** court-ruling
- **Primary source:** [Jonathan Spalletta Convicted For Defrauding Crypto Exchange Of Over $50 Million In Hacks](https://www.justice.gov/usao-sdny/pr/jonathan-spalletta-convicted-defrauding-crypto-exchange-over-50-million-hacks-0) — U.S. Department of Justice

## Key points

- Jonathan Spalletta was convicted on all counts of computer fraud and money laundering in connection with hacks of Uranium Finance [1].
- The hacks defrauded the decentralized cryptocurrency exchange of more than $50 million [1].
- The guilty verdict followed a six-day jury trial before U.S. District Judge Jed S. Rakoff in the Southern District of New York [1].

## Editorial remark

- **Context:** Jonathan Spalletta faced trial in the Southern District of New York on federal charges of computer fraud and money laundering following hacks that drained over $50 million from Uranium Finance [1].
- **Impact:** Spalletta faces statutory penalties for multiple federal convictions, while Uranium Finance was previously drained of more than $50 million in digital assets [1].
- **Watch:** Sentencing proceedings scheduled before U.S. District Judge Jed S. Rakoff in the U.S. District Court for the Southern District of New York [1].

A federal jury has convicted Jonathan Spalletta, also known as "Cthulhon" and "Jspalletta," for computer fraud and money laundering charges connected to the hacking of decentralized cryptocurrency exchange Uranium Finance [1]. U.S. Attorney for the Southern District of New York Jamie McDonald announced the verdict following a six-day jury trial overseen by U.S. District Judge Jed S. Rakoff [1].

Spalletta was convicted on all counts of the indictment for his role in defrauding the exchange out of more than $50 million in cryptocurrency assets during the hacks [1]. Federal prosecutors secured the conviction on both computer fraud and money laundering offenses after presenting evidence over the course of the six-day proceedings in Manhattan federal court [1].

## Federal Prosecution Targets Protocol Exploiter

The verdict against Spalletta represents a formal criminal outcome following the unauthorized intrusion into Uranium Finance's systems [1]. In similar instances where authorities address illicit conduct in digital assets, federal bodies have worked alongside civil counterparts seeking restitution, as seen when [regulators claw back millions in crypto fraud and theft cases](https://basisdesk.news/analysis/regulators-claw-back-millions-crypto-fraud-theft).

Judge Rakoff presided over the trial proceedings that concluded with Spalletta's full conviction across every count filed by the government [1]. Spalletta now faces sentencing under federal guidelines before Judge Rakoff in the Southern District of New York [1].

## Sources

1. [Jonathan Spalletta Convicted For Defrauding Crypto Exchange Of Over $50 Million In Hacks](https://www.justice.gov/usao-sdny/pr/jonathan-spalletta-convicted-defrauding-crypto-exchange-over-50-million-hacks-0) — U.S. Department of Justice, 2026-10-07

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai