US Authorities Seize $31M In Crypto Linked To 2021 Uranium Finance Hack

The U.S. authorities have recovered $31 million in cryptocurrency connected to the April 2021 hack of Uranium Finance, a decentralized finance platform. The seizure was the result of a joint operation between the U.S. Attorney’s Office for the Southern District of New York and Homeland Security Investigations.

Uranium Finance, which launched on the BNB Chain as a Uniswap fork in April 2021, was targeted by hackers who exploited vulnerabilities in the platform’s smart contracts. The hackers were able to steal approximately $50 million in digital assets, including BNB, BUSD, Bitcoin, Ether, Polkadot, Tether, Cardano, and Uranium’s native cryptocurrency.

After the hack, the stolen funds were laundered through various means and moved to centralized exchanges. This incident was not the first breach for Uranium Finance, as earlier that month their v1 liquidity pool was also exploited.

The post-hack situation left victims without clear avenues for compensation until now when authorities were able to recover a significant portion of the stolen funds. The investigation is ongoing, and authorities are urging victims to come forward with information.

Overall, cryptocurrency-related cybercrime saw a decline in January 2025 compared to previous years but recent incidents like the ByBit hack in February have raised concerns about security in the industry.