U.S. recovers $31 million stolen in 2021 Uranium Finance hack

U.S. authorities recovered $31 million in cryptocurrency stolen in 2021 cyberattacks on Uranium Finance, a Binance Smart Chain-based DeFi protocol. Uranium Finance was a decentralized finance (DeFi) protocol built on Binance's BNB Chain that operated as an automated market maker (AMM) similar to Uniswap. The platform launched in April 2021, but hackers quickly exploited vulnerabilities in its smart contracts to drain its assets and push it to premature death, causing millions in investor losses. Blockchain intelligence firm TRM Labs reported today that it has aided the Southern District of New York (SDNY) and Homeland Security Investigations (HSI) San Diego in tracking and recovering the stolen assets, resulting in one of the most significant retrievals in recent years. "In February 2023, TRM worked closely with law enforcement to meticulously trace the movement of stolen assets across multiple blockchains, identifying key laundering patterns and generating actionable intelligence ... Read full article.