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Monday, March 17, 2025

U.S. Seizes $31 Million Funds Drained from Crypto Exchange

U.S. law enforcement announced the recovery of $31 million in cryptocurrency tied to the 2021 Uranium Finance exploit, marking one of the largest DeFi-related asset seizures.

The operation, spearheaded by the Southern District of New York (SDNY) and Homeland Security Investigations (HSI), culminated nearly four years after attackers drained $50 million from the Binance Smart Chain (BSC)-based decentralized exchange (DEX).

The case underscores the growing sophistication of blockchain intelligence tools in tracing illicit funds across complex laundering networks.

Read the rest of the story at Cyber Security News.

Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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