U.S. seizes $31 million in Uranium Finance hacking case

U.S. authorities have seized $31 million worth of cryptocurrency linked to the hack of the decentralized finance platform Uranium Finance on the BNB Chain, which took place in April 2021. This platform no longer exists. The seizure was coordinated through a partnership between the U.S. Attorney's Office for the Southern District of New York and the Department of Homeland Security Investigations in San Diego, California. Prosecutors announced this in a post on social network X on February 24. The authorities did not disclose any information about the hackers but urged victims of the incident to contact the relevant authorities. Uranium Finance was a fork of the automated market maker Uniswap on the BNB Chain and launched its first version on April 1, 2021. Following the attack on April 28, 2021, the platform's website was shut down, and its X account has not published any updates since April 30 of the same year. This left victims without answers or the possibility of receiving financial compensation to this day. One of the administrators of the Uranium Discord channel suggested that the hack could have been an inside job. The hacker managed to exploit a vulnerability in the Uranium v2 smart contract code, allowing them to artificially inflate the project's balance by 100 times and withdraw funds.