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Jury takes two hours to reject "code is law" and convict Uranium Finance hacker

Published Source: CryptoPolitanRead original

Crypto Insight Summary: A Manhattan jury has convicted Jonathan Spalletta of computer fraud and money laundering over two 2021 hacks that drained more than $50 million from decentralized exchange Uranium Finance. The jury’s guilty verdict comes despite a precedent allowing bad actors like Spalletta to go scot-free. Was the Uranium Finance hacker found guilty? The U.S. Attorney’s Office... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Conviction of hacker unlikely to significantly impact crypto market sentiment.

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