“Hackers Made Off with APPROXIMATELY $ 50 MILLION WHEN The Automated Market Maker Was Exploited in 2021.”, – WRITE: www.coindesk.com
Access to the post, the seizure was the result of a joint Effort Between Sdny and Homeland Security Investigations (HSI) in San Diego. A SPOKSPERSON FOR SDNY DID NOT RETURN COINDESK’S REQUEST FOR COMMENT BEFORE PRESS TIME, AND NO FURTHER DETAILS About the Seizure or Any Related Investigation Were Immediatable.
Uranium Finance Was Essentally a Clone of Automated Market Maker (AMM) Uniswap Deployed On Binance’s Bnb Chain (Then Called Binance Smart CHAIN). In April 2021, A Hacker Exploited A Bug in Uranium’s Pair Contracts To Steal $ 50 Million in Various Tokens. At the Time of the incident, the Uranium Finance Hack Was One of the Largest Monetary Exploits in Decentralized Finance (Defi) History.
Read More: Binance Chain Defi Exchange Uranium Finance Loses $ 50m in Exploit
After the Exploit, The Hacker Attempted to Launder A Poction of the Funds in A Variety of Ways, Including Using Crypto Mixer Tornado Cash, Depositing Small Amouns. Accorging to Blockchain Sleuth Zachxbt, Perhaps Through Purchasing Rare and Highly Valuable Magic: The Gathering Trading Cards.
Uranium Finance Shuttered After The Hack, Leaving Victims Without Answers or Financial Restitution. The Partial Recovery, WHICH ComESS Nearly Four Years After The Initial Attack, Offers The First Glimmer of Hope for Victims to See Some of Their Money Returned.
X Icon
